In a report released today, Eddie Leung from Merrill Lynch reiterated a Buy rating on Baidu Inc (BIDU), with a price target of $181. The company’s shares closed last Monday at $111.98, close to its 52-week low of $93.39.
Leung has an average return of 8.8% when recommending Baidu Inc.
According to TipRanks.com, Leung is ranked #543 out of 5231 analysts.
Currently, the analyst consensus on Baidu Inc is a Moderate Buy with an average price target of $147, representing a 31.2% upside. In a report issued on August 5, Jefferies also initiated coverage with a Buy rating on the stock with a $132 price target.
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Baidu Inc’s market cap is currently $28.97B and has a P/E ratio of 11.90. The company has a Price to Book ratio of 1.50.
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Baidu, Inc. is a Chinese language internet search company, which engages in the provision of internet search solutions and online marketing solutions. It operates through Baidu Core and iQIYI segments. The Baidu Core segment offers keyword-based marketing services. The iQiyi segment focuses in the membership and online advertising services.
