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Baidu (BIDU) Stock Forecast & Price Target

Baidu logo
$80.33 -1.30 (-1.59%)
(As of 11/22/2024 ET)

Baidu - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
7
Buy
7

Based on 14 Wall Street analysts who have issued ratings for Baidu in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 14 analysts, 7 have given a hold rating, and 7 have given a buy rating for BIDU.

Consensus Price Target

$119.36
48.59% Upside
According to the 14 analysts' twelve-month price targets for Baidu, the average price target is $119.36. The highest price target for BIDU is $155.00, while the lowest price target for BIDU is $97.00. The average price target represents a forecasted upside of 48.59% from the current price of $80.33.
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BIDU Analyst Ratings Over Time

TypeCurrent Forecast
11/24/23 to 11/23/24
1 Month Ago
10/25/23 to 10/24/24
3 Months Ago
8/26/23 to 8/25/24
1 Year Ago
11/24/22 to 11/24/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
7 Buy rating(s)
11 Buy rating(s)
13 Buy rating(s)
17 Buy rating(s)
Hold
7 Hold rating(s)
6 Hold rating(s)
3 Hold rating(s)
0 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$119.36$128.36$138.13$178.72
Forecasted Upside48.59% Upside43.45% Upside61.18% Upside44.83% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Buy

BIDU Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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BIDU Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Baidu Stock vs. The Competition

TypeBaiduComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.50
2.67
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside48.59% Upside543.29% Upside7.66% Upside
News Sentiment Rating
Positive News

See Recent BIDU News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/22/2024Benchmark
3 of 5 stars
 Lower TargetBuy ➝ Buy$135.00 ➝ $130.00+62.40%
11/22/2024Barclays
3 of 5 stars
 DowngradeOverweight ➝ Equal Weight
11/12/2024Mizuho
2 of 5 stars
 Lower TargetOutperform ➝ Outperform$130.00 ➝ $115.00+30.27%
10/3/2024Dbs Bank
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T. Tam
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DowngradeStrong-Buy ➝ Hold
9/24/2024Hsbc Global Res
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C. Liu
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DowngradeStrong-Buy ➝ Hold
9/24/2024HSBC
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 DowngradeBuy ➝ Hold$100.00+13.28%
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9/5/2024Susquehanna
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 Lower TargetPositive ➝ Positive$135.00 ➝ $105.00+25.72%
8/26/2024Loop Capital
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 Lower TargetBuy ➝ Buy$120.00 ➝ $115.00+34.19%
8/23/2024Bank of America
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 Lower TargetBuy ➝ Buy$128.00 ➝ $117.00+36.38%
8/23/2024Sanford C. Bernstein
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B. Van
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DowngradeOutperform ➝ Market Perform$130.00 ➝ $97.00+13.07%
8/22/2024Jefferies Financial Group
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 Lower TargetBuy ➝ Buy$174.00 ➝ $139.00+62.02%
7/15/2024Citigroup
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 Lower TargetBuy$170.00 ➝ $155.00+63.12%
5/17/2024Macquarie
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E. Jiang
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DowngradeStrong-Buy ➝ Hold
5/17/2024Morgan Stanley
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 DowngradeOverweight ➝ Equal Weight$140.00 ➝ $125.00+11.02%
11/22/2023The Goldman Sachs Group
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 Lower TargetBuy ➝ Buy$181.00 ➝ $174.00+48.03%
11/22/2023Nomura Instinet
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 UpgradeNeutral ➝ Buy$145.00+27.84%
10/19/2023JPMorgan Chase & Co.
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 Lower TargetOverweight ➝ Overweight$200.00 ➝ $185.00+71.44%
7/27/2023OTR Global
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 DowngradePositive
4/21/2023UBS Group
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 Lower TargetBuy$185.00 ➝ $180.00+41.24%
4/3/2023Daiwa Capital Markets
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 Boost Target$200.00 ➝ $215.00+43.74%
12/14/2022Susquehanna Bancshares
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 Lower Target$195.00 ➝ $150.00+25.50%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:51 AM ET.


Should I Buy Baidu Stock? BIDU Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, November 4, 2024. Please send any questions or comments about these Baidu pros and cons to contact@marketbeat.com.

Baidu
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Baidu, Inc.:

  • Baidu's stock price has shown resilience, currently trading at a reasonable level compared to its 52-week high.
  • Baidu's market cap of $33.25 billion indicates the company's significant size and presence in the market.
  • Recent institutional trading activities, such as Primecap Management Co. CA increasing its holdings by 17.2%, suggest confidence from major investors.
  • Baidu's diversified segments, Baidu Core and iQIYI, provide exposure to different areas of the internet services industry.
  • The company's low debt-to-equity ratio of 0.19 signifies a healthy financial structure.

Baidu
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Baidu, Inc. for these reasons:

  • Analyst downgrades, such as Sanford C. Bernstein lowering the rating from "outperform" to "market perform," may indicate potential challenges ahead.
  • Multiple price target reductions by research firms like Barclays and Susquehanna could signal concerns about future growth prospects.
  • The beta of 0.48 suggests Baidu's stock is less volatile compared to the market, potentially limiting short-term trading opportunities.
  • While the company has a moderate consensus rating of "Moderate Buy," the recent trend of hold ratings from analysts may imply uncertainty in the stock's performance.
  • Despite the company's size, the price-to-earnings ratio of 12.69 may indicate that the stock is not undervalued compared to industry peers.

BIDU Forecast - Frequently Asked Questions

According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Baidu is $119.36, with a high forecast of $155.00 and a low forecast of $97.00.

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Baidu in the last twelve months. There are currently 7 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" BIDU shares.

According to analysts, Baidu's stock has a predicted upside of 48.59% based on their 12-month stock forecasts.

Over the previous 90 days, Baidu's stock had 4 downgrades by analysts.

Baidu has been rated by research analysts at Barclays, Benchmark, Dbs Bank, Hsbc Global Res, HSBC, Loop Capital, Mizuho, and Susquehanna in the past 90 days.

Analysts like Baidu less than other "computer and technology" companies. The consensus rating score for Baidu is 2.50 while the average consensus rating score for "computer and technology" companies is 2.68. Learn more on how BIDU compares to other companies.


This page (NASDAQ:BIDU) was last updated on 11/23/2024 by MarketBeat.com Staff
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