Baidu (BIDU) Stock Movement Summary Baidu's stock experienced a pullback despite positive analyst developments. CLSA raised its price target to $176 from $160, maintaining an Outperform rating and citing expectations for continued strong growth in Robotaxi and Kunlunxin businesses, with cloud business anticipated to resume approximately 20% growth this year. Conversely, Wall Street Zen downgraded Baidu from "hold" to "sell." However, the broader analyst consensus remains "Moderate Buy" with an average target price of $155.78. Recent business performance shows Baidu's legacy advertising business declined 18% in Q3, while AI-native marketing surged 262%. The stock opened at $153.18 with a market capitalization of $52.92 billion. Institutional investors have been adjusting their positions in the company.
Read full analysisBaidu (BIDU) Stock Movement Summary Baidu's stock experienced a pullback despite positive analyst developments. CLSA raised its price target to $176 from $160, maintaining an Outperform rating and citing expectations for continued strong growth in Robotaxi and Kunlunxin businesses, with cloud business anticipated to resume approximately 20% growth this year. Conversely, Wall Street Zen downgraded Baidu from "hold" to "sell." However, the broader analyst consensus remains "Moderate Buy" with an average target price of $155.78. Recent business performance shows Baidu's legacy advertising business declined 18% in Q3, while AI-native marketing surged 262%. The stock opened at $153.18 with a market capitalization of $52.92 billion. Institutional investors have been adjusting their positions in the company.
Baidu Inc. (BIDU) is a publicly traded company in the Broad Market sector.