Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Baidu Inc (NASDAQ: BIDU) improved during the last several trading days. BIDU's current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Baidu Inc (NASDAQ: BIDU) stock suffered a large decline of -7.0% on 1/12/24. The stock closed at $109.11. Moreover, this decline was accompanied by exceptionally high trading volume at 232% of normal. The stock has been weak relative to the market over the last nine months and has declined -7.8% during the last week.
Current PriceTarget Research Rating
BIDU is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Baidu has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR's two proprietary measures of a stock's attractiveness. Baidu has a very high Appreciation Score of 87 but a neutral Power Rating of 48, triggering the Positive Value Trend Rating.