In a report released today, Jason Helfstein from Oppenheimer maintained a Buy rating on Baidu (BIDU). The company’s shares closed last Wednesday at $96.21, close to its 52-week low of $82.00.
According to TipRanks.com, Helfstein is a top 100 analyst with an average return of 17.1% and a 62.4% success rate. Helfstein covers the Technology sector, focusing on stocks such as Spotify Technology SA, Fiverr International, and IAC/InterActiveCorp.
Baidu has an analyst consensus of Moderate Buy, with a price target consensus of $152.59, which is a 55.7% upside from current levels. In a report issued on March 26, KeyBanc also maintained a Buy rating on the stock with a $140.00 price target.
See today’s analyst top recommended stocks >>
Baidu’s market cap is currently $35.2B and has a P/E ratio of 63.80. The company has a Price to Book ratio of 1.80.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Baidu, Inc. is a Chinese language internet search company, which engages in the provision of internet search solutions and online marketing solutions. The company’s products and services include Baidu App, Baidu Search, Baidu Feed, Haokan, Quanmin, Baidu Post Bar, Baidu Knows, Baidu Encyclopedia, Baidu Input Method Editor, or Baidu IME and Overseas Products. 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. The company was founded by Yanhong Li and Xu Yong on January 18, 2000 and is headquartered in Beijing, China.
Read More on BIDU:
