In a report released today, Hans Chung from KeyBanc maintained a Buy rating on Baidu (BIDU – Research Report), with a price target of $140.00. The company’s shares closed last Monday at $96.92, close to its 52-week low of $82.00.
According to TipRanks.com, Chung is a 1-star analyst with an average return of -6.8% and a 32.8% success rate. Chung covers the Technology sector, focusing on stocks such as Tencent Music Entertainment Group, Tencent Holdings, and CooTek (Cayman).
Currently, the analyst consensus on Baidu is a Moderate Buy with an average price target of $154.86, implying a 59.6% upside from current levels. In a report issued on March 11, Mizuho Securities also maintained a Buy rating on the stock.
Baidu’s market cap is currently $33.52B and has a P/E ratio of 59.70. The company has a Price to Book ratio of 1.69.
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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. 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.