Do Analysts Expect Baidu Inc (BIDU) Stock to Rise After It Has Gained 12.89% in a Month?

InvestorsObserver is giving Baidu Inc (BIDU) an Analyst Rating Rank of 69, meaning BIDU is ranked higher by analysts than 69% of stocks. The average price target for BIDU is $279.846 and analyst’s rate the stock as a Strong Buy.

Wall Street analysts are rating BIDU a Strong Buy today. Find out what this means to you and get the rest of the rankings on BIDU!

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Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Baidu Inc Stock Today?

Baidu Inc (BIDU) stock has gained 1.54% while the S&P 500 has fallen -0.17% as of 3:01 PM on Wednesday, Jan 19. BIDU has risen $2.35 from the previous closing price of $152.94 on volume of 2,468,418 shares. Over the past year the S&P 500 is up 20.29% while BIDU has fallen -37.99%. BIDU earned $6.21 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 25.13. Click Here to get the full Stock Report for Baidu Inc stock.