19-Apr-2024
Barclays Sticks to Their Buy Rating for Baidu (BIDU)
TipRanks (Fri, 19-Apr 3:57 AM ET)
$1000 Invested In Baidu 15 Years Ago Would Be Worth This Much Today
Benzinga (Thu, 18-Apr 4:30 PM ET)
Baidu sees Buy rating maintained at BofA on AI upside
Seeking Alpha News (Thu, 18-Apr 9:54 AM ET)
TipRanks (Thu, 18-Apr 6:04 AM ET)
PRNewswire (Wed, 17-Apr 7:03 AM ET)
Wall Street Analysts Are Bullish on Top Communication Services Picks
TipRanks (Tue, 16-Apr 8:24 PM ET)
Baidu Presents a Suite of Toolkits and Models to Supercharge AI Creativity at Create 2024
PRNewswire (Tue, 16-Apr 8:39 AM ET)
Baidu's AI tool Ernie Bot surpasses 200M users
Seeking Alpha News (Tue, 16-Apr 6:50 AM ET)
Hong Kong Stocks: Baidu’s Ernie Bot Reaches 200M User Mark
TipRanks (Tue, 16-Apr 6:30 AM ET)
Baidu's AI tool Ernie Bot surpasses 200M users - report
Seeking Alpha News (Tue, 16-Apr 5:01 AM ET)
Baidu is the largest internet search engine in China with 84% share of the search engine market in September 2021 per web analytics firm, Statcounter. The firm generated 72% of core revenue from online marketing services from its search engine in 2022. Outside its search engine, Baidu is a technology-driven company and its other major growth initiatives are artificial intelligence cloud, video streaming services, voice recognition technology, and autonomous driving.
Baidu - American Depositary Shares Each Representing 8 Ordinary Share trades on the NASDAQ stock market under the symbol BIDU.
As of April 19, 2024, BIDU stock price declined to $95.05 with 1,711,840 million shares trading.
BIDU has a beta of 1.29, meaning it tends to be more sensitive to market movements. BIDU has a correlation of 0.14 to the broad based SPY ETF.
BIDU has a market cap of $31.90 billion. This is considered a Large Cap stock.
Last quarter Baidu - American Depositary Shares Each Representing 8 Ordinary Share reported $5 billion in Revenue and $3.08 earnings per share. This beat revenue expectation by $63 million and exceeded earnings estimates by $.60.
In the last 3 years, BIDU stock traded as high as $222.68 and as low as $73.58.
The top ETF exchange traded funds that BIDU belongs to (by Net Assets): PGJ, METV, KOMP, AIQ, SOCL.
BIDU has underperformed the market in the last year with a price return of -25.8% while the SPY ETF gained +21.2%. BIDU has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -7.4% and -10.7%, respectively, while the SPY returned +3.0% and -4.5%, respectively.
BIDU support price is $93.68 and resistance is $97.48 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BIDU stock will trade within this expected range on the day.