Barclays analyst Gregory Zhao maintained a Hold rating on Baidu Inc (BIDU – Research Report) yesterday and set a price target of $135. The company’s shares closed last Monday at $107.90, close to its 52-week low of $93.39.
According to TipRanks.com, Zhao is a 1-star analyst with an average return of -1.0% and a 46.4% success rate. Zhao covers the Technology sector, focusing on stocks such as Tencent Holdings Limited, GSX Techedu Inc, and Weibo.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Baidu Inc with a $144.32 average price target, implying a 31.7% upside from current levels. In a report released yesterday, Nomura also maintained a Hold rating on the stock with a $118 price target.
Baidu Inc’s market cap is currently $30B and has a P/E ratio of 12.32. The company has a Price to Book ratio of 1.55.
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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.