Baidu Inc (NASDAQ:BIDU) shares are trading lower by 1.9% to $105.51 going into the close of Wednesday’s session. Shares of U.S.-listed Chinese stocks are trading lower in sympathy with Alibaba Group, which fell after reporting third-quarter earnings.
Alibaba’s stock fell by 5.92% after releasing its quarterly earnings report, despite announcing an increase in its share buyback program. Although the company achieved a 5% year-on-year revenue growth to $36.67 billion in the third quarter of fiscal year 2023, it slightly missed the consensus estimate of $36.74 billion.
Additionally, its adjusted earnings per ADS of $2.67 fell short of the expected $2.69…Read More
Is BIDU A Good Stock To Buy?
Wall Street analysts view Baidu on the whole as a Buy, given the history of coverage over the past three months. Shyam Patil from Susquehanna in Baidu is the most bearish, expecting a 14.29% fall in the stock in the coming year.
But looking at how the market as a whole thinks of the stock, you can reference historical price action for views on whether investors feel strongly about the stock one way or another. In the past 3 months, Baidu rose 1.06%, which indicates that opinion improved on the business and how attractive it is to own based on either its stock price, or underlying fundamentals, like revenue, which rose 3.21% over the past year.
According to data from Benzinga Pro, Baidu Inc has a 52-week high of $160.53 and a 52-week low of $97.51.