Shares of Baidu jumped 5.11% to $152.40 at 14:10 EST on Wednesday, after two successive sessions in a row of gains. The Nasdaq Stock Market is sliding 1.38% to $12,409.00, after four consecutive sessions in a row of gains, on what as yet seems, an all-around rough trend trading session today.
Baidu’s last close was $144.99, 2.73% below its 52-week high of $156.56.
News about Baidu today
Baidu upped to buy at UBS and price target hiked to $190. According to today’s article on MarketWatch, “Chinese internet company Baidu was upgraded to buy from neutral at UBS, which lifted its price target to $190 from $130. Baidu’s growth in core revenue — search and feed advertising — is turning positive due to product improvements, stabilization of the competitive landscape and easier year-over-year comparisons, said analysts led by Jerry Liu.”
Baidu’s sales growth is 11.4% for the present quarter and 23.3% for the next. The company’s growth estimates for the present quarter is a negative 30.9% and positive 31% for the next.
Baidu’s Stock Top and Bottom Yearly Value
Baidu’s stock is valued at $152.40 at 14:10 EST, under its 52-week high of $156.56 and way above its 52-week low of $82.00.
Baidu’s Moving Average
Baidu’s value is above its 50-day moving average of $138.84 and way above its 200-day moving average of $126.60.