Rob Sanderson, analyst at Loop Capital Markets, reiterates coverage on Baidu (BIDU) in the Technology sector with a Buy rating. TipRanks.com has Sanderson rated as a 5 star analyst with a 17.00% return on investment and a 60.00% success rate. Sanderson has set a price target of $255.00.
TipRanks.com reports that BIDU currently has 19 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $308.13. The target pricing ranges from a high forecast of $372.00 down to a low forecast of $215.00.
BIDU’s last closing price was $197.70 which would put the average price target at 55.86% upside.
In addition, TradingView issued a Buy rating for BIDU over the next month.
Remember, securities are volatile, so please do your own research on BIDU.
Other analysts covering BIDU include:
- James Lee of Mizuho Securities issued a buy rate with the price target of $350 on June 1st
- Shyam Patil of Susquehanna issued a buy rate with the price target of $250 on May 20th
- Eddie Leung of Merrill Lynch issued a buy rate with the price target of $372 on May 20th
- Kenneth Fong of Credit Suisse issued a buy rate with the price target of $350 on May 20th
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