Alert: Positive Investment/Fundamental Signals (11/21/23)-Baidu Inc (NASDAQ: BIDU)


Significant positive changes in fundamentals have recently occurred for Baidu Inc (NASDAQ: BIDU): the consensus estimate for December, 2024 increased significantly, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred.

Baidu Inc (NASDAQ: BIDU) has recently enjoyed meaningful positive changes in investment behavior: the stock rose on very heavy volume.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, BIDU is expected to continue to be an important Value Builder.

Baidu has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Baidu has a neutral Power Rating of 53 but a very high Appreciation Score of 85, resulting in the Positive Value Trend Rating.

Recent Price Action

Baidu Inc (NASDAQ: BIDU) stock closed at $113.42 on 11/21/23 after an increase of 1.9%. The stock has performed in line with the market over the last nine months and has risen 5.8% during the last week.

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