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Vetr Inc. disclosed Baidu Inc (ADR) (NASDAQ:BIDU), boosting its stock price target to $192.71 earlier today

Baidu Inc (ADR) (NASDAQ:BIDU) had its estimated target price raised to $193 by Vetr Inc. in a report issued 9/15/2016. The new target price suggests a possible upside of 0.03% from the company’s previous stock close price.

On 9/08/2016, Vetr Inc. released a statement on Baidu Inc (ADR)(NASDAQ:BIDU) raised the target price from $0.00 to $192.71 that suggested an upside of 0.03%.

Just yesterday Baidu Inc (ADR) (NASDAQ:BIDU) traded 2.37% higher at $186.60. BIDU’s 50-day average is $173.39 and its 200-day average is $174.51. With the last close up 6.87% relative to the 200-day average, compared with the Standard & Poor’s 500 Index which has fallen -0.01% over the date range. Trading volume was was down over the average, with 2,110,285 shares of BIDU changing hands under the typical 2,782,810 shares..

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Baidu Inc (ADR) has a one-year low of $130.77 and a 52 week high of $217.97 with a PE ratio of 14 and has a total market value of $0.0.

A total of 25 analysts have released a research note on the stock. Nine firms rate the company a strong buy, 12 analysts rate the company a buy, six analyts rate the stock a hold, two brokerages rate the stock to underperform, and lastly 0 analystsrate the stock as sell with an average target price of $209.10

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 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, and variety shows and other programs.

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