Vetr Inc. disclosed Baidu Inc (ADR) (NASDAQ:BIDU), boosting its price target to $197.45 earlier today
- Updated: September 29, 2016
Reporting a potential upside of 0.08%, Vetr Inc. upped the price target of Baidu Inc (ADR) (NASDAQ:BIDU) to $197.45
Previously on 09/28/2016, Deutsche Bank AG reported about Baidu Inc (ADR) (NASDAQ:BIDU) lowered the target price from $219.00 to $201.00. At the time, this indicated a possible upside of 0.06%.
Yesterday Baidu Inc (ADR) (NASDAQ:BIDU) traded -2.93% lower at $182.70. The company’s 50-day moving average is $180.54 and its 200-day moving average is $175.35. The last stock close price is up 3.93% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 3,628,127 shares of the stock were exchanged, up from an average trading volume of 2,758,180
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Baidu Inc (ADR) has a 52 week low of $136.31 and a 52 week high of $217.97 with a P/E ratio of 13.41 The company’s market cap is currently $0.
In addition to Vetr Inc. reporting its target price, a total of 25 firms have issued a report on the stock. The consensus target price is $209.10 with 9 firms rating the stock a strong buy, 12 firms rating the stock a buy, 6 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
General Information About 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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