Are Analysts Bullish about Baidu Inc (ADR) (NASDAQ:BIDU) after last week?

June 20, 2017 - By Adrian Erickson

 Are Analysts Bullish about Baidu Inc (ADR) (NASDAQ:BIDU) after last week?

Baidu Inc (ADR) (NASDAQ:BIDU) Ratings Coverage

Among 22 analysts covering Baidu (NASDAQ:BIDU), 6 have Buy rating, 4 Sell and 12 Hold. Therefore 27% are positive. Baidu had 35 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was initiated by Credit Suisse on Wednesday, July 20 with “Outperform”. Brean Capital downgraded the shares of BIDU in report on Tuesday, July 28 to “Hold” rating. The firm has “Overweight” rating given on Wednesday, May 11 by Morgan Stanley. The stock of Baidu Inc (ADR) (NASDAQ:BIDU) earned “Neutral” rating by Citigroup on Monday, June 13. Jefferies maintained Baidu Inc (ADR) (NASDAQ:BIDU) on Thursday, May 12 with “Buy” rating. As per Friday, October 28, the company rating was downgraded by Credit Suisse. As per Wednesday, September 30, the company rating was downgraded by Summit Research. The rating was initiated by Bernstein on Wednesday, January 11 with “Underperform”. The rating was downgraded by Daiwa Securities to “Underperform” on Wednesday, October 7. KeyBanc Capital Markets downgraded Baidu Inc (ADR) (NASDAQ:BIDU) on Tuesday, July 28 to “Sector Weight” rating. Below is a list of Baidu Inc (ADR) (NASDAQ:BIDU) latest ratings and price target changes.

17/01/2017 Broker: Morgan Stanley Old Rating: Overweight New Rating: Equal-Weight Downgrade
11/01/2017 Broker: Bernstein Rating: Underperform New Target: $150.00 Initiate
10/01/2017 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Buy Old Target: $200.00 New Target: $220.00 Upgrade
09/01/2017 Broker: JP Morgan Old Rating: Underweight New Rating: Neutral Upgrade

About 837 shares traded. Baidu Inc (ADR) (NASDAQ:BIDU) has risen 12.02% since June 20, 2016 and is uptrending. It has underperformed by 4.68% the S&P500.

Baidu, Inc. is a Chinese language Internet search provider. The company has market cap of $60.59 billion. The Firm offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. It has a 46.15 P/E ratio. In addition to serving individual Internet search users, the Company provides a platform for businesses to reach customers.

More notable recent Baidu Inc (ADR) (NASDAQ:BIDU) news were published by: Investorplace.com which released: “Can Baidu Inc (ADR) Stock Possibly Be Worth the Hype?” on April 26, 2017, also Fool.com with their article: “Why Baidu Inc. (ADR) Investors Should Be Wary of New Initiatives” published on May 08, 2017, Fool.com published: “Better Buy: Alphabet Inc vs. Baidu Inc (ADR)” on April 14, 2017. More interesting news about Baidu Inc (ADR) (NASDAQ:BIDU) were released by: Fool.com and their article: “4 Great Reasons to Buy Baidu Inc. (ADR)” published on December 15, 2016 as well as Fool.com‘s news article titled: “4 Reasons I’m Buying Baidu Inc. (ADR) Stock” with publication date: January 31, 2017.

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