Vetr Inc. announced Baidu Inc (ADR) (NASDAQ:BIDU), bumping up its stock price target to $173.26 today
- Updated: November 29, 2016
Just yesterday Baidu Inc (ADR) (NASDAQ:BIDU) traded 1.31% higher at $169.18. Baidu Inc (ADR)’s 50-day moving average is $171.13 and its 200-day moving average is $171.71. The last stock price is down -1.47% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 0 shares of BIDU traded hands, down from an average trading volume of 2,471,750
In a report released on Tuesday November 29, 2016 Vetr Inc. increased the stock price target of Baidu Inc (ADR) (NASDAQ:BIDU) to $173.26 reporting a possible upside of 0.02%.
Previously on 2/29/2016, Nomura released a statement about Baidu Inc (ADR) (NASDAQ:BIDU) reduced the target price from $180.00 to $176.00. At the time, this indicated a possible upside of 0.01%.
Recent Performance Chart
Baidu Inc (ADR) has 52 week low of $139.61 and a 52 week high of $215.20 with a PE ratio of 12.78 and has a market capitalization of $0.
In addition to Vetr Inc. reporting its stock price target, a total of 25 brokerages have issued a research note on the company. The average stock price target is $209.10 with 9 brokerages rating the stock a strong buy, 12 brokerages rating the stock a buy, 6 brokerages rating the stock a hold, 2 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Baidu Inc (ADR) (NASDAQ:BIDU)
Baidu, Inc. is a Chinese language Internet search provider. The Company offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. In addition to serving individual Internet search users, the Company provides a platform for businesses to reach customers. Its business consists of three segments: search services, transaction services and iQiyi. Search services are keyword-based marketing services targeted at and triggered by Internet users' search queries, which mainly include its pay-for-performance (P4P) services and other online marketing services. Its transaction services include Baidu Nuomi, Baidu Takeout Delivery, Baidu Maps, Baidu Connect, Baidu Wallet and others. iQiyi is an online video platform with a content library that includes licensed movies, television series, cartoons, variety shows and other programs.
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