Piper Jaffray analyst Gene Munster reiterated a Buy rating on Baidu (NASDAQ: BIDU) yesterday and set a price target of $190. The company’s shares closed yesterday at $175.10.
According to TipRanks.com, Munster is a top 25 analyst with an average return of 17.3% and a 66.0% success rate. Munster covers the Technology sector, focusing on stocks such as Angie’s List Inc., Web.com Group, and Facebook Inc.
Currently, the analyst consensus on Baidu is Moderate Buy and the average price target is $185.75, representing a 6.1% upside.
In a report issued on October 19, Brean Capital also reiterated a Buy rating on the stock.
The company has a one year high of $217.97 and a one year low of $139.61. Currently, Baidu has an average volume of 2.49M.
Baidu, Inc. operates as an internet search provider, which offers internet search solutions and online marketing solutions. It operates as an e-commerce platform with an online payment tool, develops and markets web application software, and provides human resource related services. The company operates through the following segments: Search Services, Transaction Services and iQiyi. The Search Services segment includes the traditional search engine related businesses such as auction-based P4P services and display-based online advertising services. The Transaction Services segment includes the newly developed internet businesses such as services provided by Baidu Nuomi, takeout delivery services and other online-to-offline services. The iQiyi segment engages in the online video business. Baidu was founded by Yanhong Li and Xu Yong on January 18, 2000 and is headquartered in Beijing, China.
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