Brokerages Set Baidu, Inc. (NASDAQ:BIDU) Target Price at $162.58

Baidu, Inc. (NASDAQ:BIDU) has been given a consensus recommendation of “Moderate Buy” by the twenty-three brokerages that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, sixteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $165.3333.

BIDU has been the topic of several analyst reports. Barclays lowered their price target on shares of Baidu from $128.00 to $124.00 and set an “equal weight” rating on the stock in a report on Monday, July 13th. Morgan Stanley raised their price objective on shares of Baidu from $135.00 to $140.00 in a report on Tuesday, May 19th. Bank of America decreased their target price on shares of Baidu from $180.00 to $165.00 and set a “buy” rating on the stock in a research report on Tuesday, July 14th. Wall Street Zen raised shares of Baidu from a “sell” rating to a “hold” rating in a research note on Monday, May 25th. Finally, BNP Paribas Exane started coverage on shares of Baidu in a research report on Wednesday, April 1st. They issued an “outperform” rating and a $161.00 price target for the company.

Baidu Stock Performance

Shares of NASDAQ BIDU opened at $107.24 on Monday. The firm has a market capitalization of $36.49 billion, a price-to-earnings ratio of -893.59, a PEG ratio of 1.94 and a beta of 0.56. Baidu has a one year low of $84.64 and a one year high of $165.30. The business has a fifty day simple moving average of $121.83 and a 200 day simple moving average of $128.21. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.22.

Key Baidu News

Here are the key news stories impacting Baidu this week:

• Negative Sentiment: JPMorgan lowered its price target on Baidu from $230 to $205, even while keeping an overweight rating, reinforcing investor concern that near-term fundamentals may be softer than previously expected. Benzinga report on JPMorgan price target cut
• Negative Sentiment: Another recent analyst note pointed to weaker advertising trends and heavier AI investment, saying Baidu’s core online marketing business remains under pressure as traffic softens. QuiverQuant article on Baidu Slides as Tech Selloff and Advertising Concerns Pressure Shares
• Negative Sentiment: Shares also faced a sector-wide selloff in Hong Kong tech stocks, adding pressure to Baidu alongside broader risk-off sentiment in growth names. QuiverQuant article on tech selloff pressure
• Neutral Sentiment: Baidu announced plans to convert its Hong Kong listing to dual-primary status, which could improve access to mainland investors and support future funding flexibility, but the market appears to be treating this as a longer-term strategic move rather than an immediate earnings catalyst. PR Newswire listing conversion announcement
• Positive Sentiment: Recent reports that Apple approved generative AI features for launch in China, with Baidu involved in the rollout, helped lift sentiment earlier in the week by highlighting potential AI partnership upside. TechCrunch report on Apple Intelligence in China

Hedge Funds Weigh In On Baidu

A number of hedge funds have recently modified their holdings of the stock. Morgan Stanley grew its position in Baidu by 38.0% in the fourth quarter. Morgan Stanley now owns 2,709,426 shares of the information services provider’s stock valued at $354,014,000 after acquiring an additional 745,588 shares during the period. RPD Fund Management LLC lifted its holdings in shares of Baidu by 161.6% during the second quarter. RPD Fund Management LLC now owns 1,258,856 shares of the information services provider’s stock valued at $107,959,000 after acquiring an additional 777,570 shares during the period. Capital World Investors lifted its holdings in shares of Baidu by 21.0% during the fourth quarter. Capital World Investors now owns 1,182,857 shares of the information services provider’s stock valued at $154,552,000 after acquiring an additional 205,040 shares during the period. ARK Investment Management LLC boosted its stake in shares of Baidu by 127.8% in the 4th quarter. ARK Investment Management LLC now owns 1,157,878 shares of the information services provider’s stock valued at $151,288,000 after purchasing an additional 649,490 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Baidu by 106.7% in the 3rd quarter. Bank of America Corp DE now owns 1,129,272 shares of the information services provider’s stock valued at $148,804,000 after purchasing an additional 582,832 shares in the last quarter.

About Baidu

Baidu, Inc, founded in 2000 and headquartered in Beijing, is a Chinese multinational technology company best known for operating one of China’s leading internet search engines. The company built its business around online search and related advertising services, providing search, content aggregation and targeted ad placements to consumers and marketers across China. Baidu went public on the NASDAQ in 2005 and has since diversified beyond search into a broader technology and AI-focused portfolio.

Core products and services include the Baidu search platform and mobile app, Baidu Maps and Baidu Baike (an online encyclopedia), along with digital content initiatives.