According to TipRanks.com, Jiang is a 5-star analyst with an average return of 5.2% and a 46.2% success rate. Jiang covers the Technology sector, focusing on stocks such as Bitauto Holdings Limited, China Mobile Games, and Soufun Holdings.
Currently, the analyst consensus on Baidu is Moderate Buy and the average price target is $184.33, representing a 6.2% upside.
In a report issued on October 27, Piper Jaffray also reiterated a Buy rating on the stock with a $190 price target.
Based on Baidu’s latest earnings report from March 31, the company posted quarterly revenue of $2.45B and quarterly net profit of $307.2M. In comparison, last year the company earned revenue of $2.89B and had a net profit of $446.4M.
Baidu, Inc. operates as an internet search provider, which offers internet search solutions and online marketing solutions. It operates as an e-commerce platform with an online payment tool, develops and markets web application software, and provides human resource related services. The company operates through the following segments: Search Services, Transaction Services and iQiyi. The Search Services segment includes the traditional search engine related businesses such as auction-based P4P services and display-based online advertising services. The Transaction Services segment includes the newly developed internet businesses such as services provided by Baidu Nuomi, takeout delivery services and other online-to-offline services. The iQiyi segment engages in the online video business. Baidu was founded by Yanhong Li and Xu Yong on January 18, 2000 and is headquartered in Beijing, China.