Barclays has revised its price target for Baidu (BIDU, Financial), cutting it to $90 from a previous target of $95, while maintaining an Equal Weight rating on the company's shares. This adjustment comes as the firm anticipates a decline in search advertising revenues for Baidu, affecting both the upcoming first-quarter results and future projections.
The revised outlook reflects concerns over the performance of Baidu's advertising division, a significant component of its revenue stream. Investors and analysts will be closely watching Baidu's upcoming quarterly earnings to gauge the impact of these adjustments and to understand the potential trajectory for the company moving forward.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 32 analysts, the average target price for Baidu Inc (BIDU, Financial) is $115.54 with a high estimate of $208.06 and a low estimate of $76.02. The average target implies an upside of 39.89% from the current price of $82.59. More detailed estimate data can be found on the Baidu Inc (BIDU) Forecast page.
Based on the consensus recommendation from 32 brokerage firms, Baidu Inc's (BIDU, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Baidu Inc (BIDU, Financial) in one year is $117.86, suggesting a upside of 42.7% from the current price of $82.59. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Baidu Inc (BIDU) Summary page.
