Zacks.com users have recently been watching Baidu Inc. (BIDU) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Baidu Inc. (BIDU) closed at $83.69 in the latest trading session, marking a +0.93% move from the prior day.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Recently, Zacks.com users have been paying close attention to Baidu Inc. (BIDU). This makes it worthwhile to examine what the stock has in store.
The latest trading day saw Baidu Inc. (BIDU) settling at $79.53, representing a +1.75% change from its previous close.
DNZOY, CENTA and BIDU have been added to the Zacks Rank #5 (Strong Sell) List on January 14, 2024.
BIDU, CENTA and CR have been added to the Zacks Rank #5 (Strong Sell) List on January 9, 2024.
Baidu Inc. (BIDU) reachead $81.34 at the closing of the latest trading day, reflecting a -1.54% change compared to its last close.
When the chapter was officially closed on 2024, the bulls reigned supreme yet again. The ageless Dow Jones Industrial Average, widely followed S&P 500, and growth-dependent Nasdaq Composite respectively rose by 13%, 23%, and 29% for the year, with each index reaching numerous all-time closing highs.
Baidu's shares surged in September due to Beijing's stimulus packages, creating a new buying opportunity at a favorable valuation for investors. I rated Baidu a strong buy in June due to its robust online advertising business, strong free cash flow, and capital return potential. Despite no top line growth in Q3, Baidu's low P/E ratio, high FCF, and strong operating income make it an attractive investment.
Guangzhou-based Pony.ai Inc is seeking to launch its robotaxi services in Hong Kong, joining Baidu in a race to provide services in the city, as the autonomous driving firm looks to expand its operations globally.
The latest trading day saw Baidu Inc. (BIDU) settling at $82.70, representing a -1.92% change from its previous close.