Baidu Inc (BIDU) Receives a Hold from Barclays

Barclays analyst Gregory Zhao maintained a Hold rating on Baidu Inc (BIDUResearch Report) today and set a price target of $140.00. The company’s shares closed last Monday at $103.69, close to its 52-week low of $93.39.

According to TipRanks.com, Zhao is a 1-star analyst with an average return of -1.3% and a 43.3% success rate. Zhao covers the Technology sector, focusing on stocks such as Tencent Holdings Limited, GSX Techedu Inc, and Weibo.

Currently, the analyst consensus on Baidu Inc is a Moderate Buy with an average price target of $140.58, a 35.1% upside from current levels. In a report released yesterday, UBS also maintained a Hold rating on the stock with a $118.00 price target.

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Based on Baidu Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $353 million. In comparison, last year the company had a net profit of $1.82 billion.

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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. 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.