Baidu (NASDAQ:BIDU – Get Free Report) was downgraded by equities research analysts at Arete Research from a “strong-buy” rating to a “hold” rating in a report released on Monday, Marketbeat reports. They currently have a $108.00 target price on the information services provider’s stock. Arete Research’s price objective points to a potential upside of 16.69% from the stock’s previous close.
Several other research analysts have also recently issued reports on BIDU. Morgan Stanley cut shares of Baidu from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $130.00 to $80.00 in a report on Wednesday, August 19th. JPMorgan Chase & Co. lowered their price objective on Baidu from $230.00 to $205.00 and set an “overweight” rating on the stock in a report on Friday, July 17th. Bank of America dropped their target price on Baidu from $180.00 to $165.00 and set a “buy” rating on the stock in a research report on Tuesday, July 14th. Wall Street Zen raised Baidu from a “sell” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Citigroup reissued a “buy” rating on shares of Baidu in a report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, Baidu presently has an average rating of “Moderate Buy” and an average target price of $152.94.
Read Our Latest Research Report on BIDU
Baidu Stock Down 7.0%
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its holdings in Baidu by 104.7% in the second quarter. NewEdge Advisors LLC now owns 97,981 shares of the information services provider’s stock valued at $11,198,000 after buying an additional 50,126 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Baidu by 106.1% during the 2nd quarter. IFP Advisors Inc now owns 1,834 shares of the information services provider’s stock valued at $210,000 after acquiring an additional 944 shares during the period. Allworth Financial LP boosted its stake in shares of Baidu by 1,234.8% during the 2nd quarter. Allworth Financial LP now owns 3,377 shares of the information services provider’s stock worth $386,000 after acquiring an additional 3,124 shares in the last quarter. Waverly Advisors LLC boosted its stake in shares of Baidu by 14.5% during the 2nd quarter. Waverly Advisors LLC now owns 2,224 shares of the information services provider’s stock worth $254,000 after acquiring an additional 281 shares in the last quarter. Finally, Nykredit A S acquired a new stake in shares of Baidu in the 2nd quarter worth approximately $20,993,000.
More Baidu News
Here are the key news stories impacting Baidu this week:
- Positive Sentiment: Baidu’s Hong Kong-listed Class A shares were added to both the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect programs effective September 7. The move gives eligible mainland investors direct access to the shares, potentially expanding the shareholder base, improving liquidity and supporting demand for the stock. Baidu Announces Inclusion in Stock Connect Programs
- Neutral Sentiment: Recent analyst-research coverage included Baidu among major companies receiving fresh Wall Street calls. However, the available report does not provide enough detail on the specific ratings or price targets to establish a clear directional impact. Tuesday’s Top Wall Street Analyst Research Calls
- Negative Sentiment: Baidu faced selling pressure as traders reacted to uncertainty ahead of a prospective Xi-Trump summit. Reports described the decline as a possible buying opportunity, but the immediate market reaction reflects concern over U.S.-China relations and potential policy or trade-related risks. The stock was also testing its 12-month low, making the level an important near-term support point. BIDU Stock and Xi-Trump Summit
- Negative Sentiment: Pomerantz LLP announced an investigation into potential claims on behalf of Baidu investors. The notice does not establish wrongdoing, but securities-law investigations can weigh on sentiment by raising uncertainty about possible disclosures, litigation costs or future liabilities. Pomerantz Investor Alert
About Baidu
Baidu, Inc, founded in 2000 and headquartered in Beijing, is a Chinese multinational technology company best known for operating one of China’s leading internet search engines. The company built its business around online search and related advertising services, providing search, content aggregation and targeted ad placements to consumers and marketers across China. Baidu went public on the NASDAQ in 2005 and has since diversified beyond search into a broader technology and AI-focused portfolio.
Core products and services include the Baidu search platform and mobile app, Baidu Maps and Baidu Baike (an online encyclopedia), along with digital content initiatives.
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