Baidu Inc. [BIDU] stock Initiated by Macquarie analyst, price target now $188

Baidu Inc. [NASDAQ: BIDU] traded at a high on 08/25/22, posting a 8.73 gain after which it closed the day’ session at $151.02. The company report on August 25, 2022 that Baidu Releases Superconducting Quantum Computer and World’s First All-Platform Integration Solution, Making Quantum Computing Within Reach.

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Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888) (“Baidu” or the “Company”), a leading AI company with strong Internet foundation, today announced its first superconducting quantum computer that fully integrates hardware, software, and applications. On top of this, Baidu also introduced the world’s first all-platform quantum hardware-software integration solution that provides access to various quantum chips via mobile app, PC, and cloud. Launched at Quantum Create 2022, a quantum developer conference held in Beijing, this new offering paves the way for the long-awaited industrialization of quantum computing.

A revolutionary technology that harnesses the laws of quantum mechanics to solve problems beyond the reach of classical computers, quantum computing is expected to bring ground-breaking transformations in fields like artificial intelligence (AI), computational biology, material simulation, and financial technology. However, a significant gap remains between quantum devices and services.

The results of the trading session contributed to over 4083733 shares changing hands. Over the past one week, the price volatility of Baidu Inc. stands at 4.30% while the volatility over the past one month is 3.96%.

The market cap for BIDU stock reached $52.24 billion, with 345.90 million shares outstanding and 274.13 million shares in the current float. Compared to the average trading volume of 2.68M shares, BIDU reached a trading volume of 4083733 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Baidu Inc. [BIDU]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BIDU shares is $197.76 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BIDU stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Macquarie have made an estimate for Baidu Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on August 23, 2022. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $90 to $125. The new note on the price target was released on May 16, 2022, representing the official price target for Baidu Inc. stock. Previously, the target price had yet another raise to $138, while Bernstein analysts kept a Mkt Perform rating on BIDU stock.

The Average True Range (ATR) for Baidu Inc. is set at 6.03, with the Price to Sales ratio for BIDU stock in the period of the last 12 months amounting to 2.84. The Price to Book ratio for the last quarter was 1.67, with the Price to Cash per share for the same quarter was set at 76.69.

How has BIDU stock performed recently?

Baidu Inc. [BIDU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 17.68. With this latest performance, BIDU shares gained by 7.10% in over the last four-week period, additionally sinking by -0.07% over the last 6 months – not to mention a drop of -2.65% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BIDU stock in for the last two-week period is set at 65.26, with the RSI for the last a single of trading hit 73.24, and the three-weeks RSI is set at 60.27 for Baidu Inc. [BIDU]. The present Moving Average for the last 50 days of trading for this stock 141.87, while it was recorded at 136.92 for the last single week of trading, and 142.87 for the last 200 days.

Baidu Inc. [BIDU]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Baidu Inc. [BIDU] shares currently have an operating margin of +8.45 and a Gross Margin at +48.34. Baidu Inc.’s Net Margin is presently recorded at +7.93.

Return on Total Capital for BIDU is now 3.52, given the latest momentum, and Return on Invested Capital for the company is 3.66. Return on Equity for this stock inclined to 5.01, with Return on Assets sitting at 2.77. When it comes to the capital structure of this company, Baidu Inc. [BIDU] has a Total Debt to Total Equity ratio set at 44.76. Additionally, BIDU Total Debt to Total Capital is recorded at 30.92, with Total Debt to Total Assets ending up at 24.90. Long-Term Debt to Equity for the company is recorded at 36.47, with the Long-Term Debt to Total Capital now at 25.19.

Reflecting on the efficiency of the workforce at the company, Baidu Inc. [BIDU] managed to generate an average of $261,597 per employee. Receivables Turnover for the company is 9.41 with a Total Asset Turnover recorded at a value of 0.35.Baidu Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.10 and a Current Ratio set at 3.10.

Earnings analysis for Baidu Inc. [BIDU]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BIDU. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Baidu Inc. go to 3.85%.

Insider trade positions for Baidu Inc. [BIDU]

There are presently around $14,290 million, or 37.40% of BIDU stock, in the hands of institutional investors. The top three institutional holders of BIDU stocks are: PRIMECAP MANAGEMENT CO/CA/ with ownership of 9,557,829, which is approximately 0.239% of the company’s market cap and around 15.60% of the total institutional ownership; DODGE & COX, holding 6,589,445 shares of the stock with an approximate value of $995.14 million in BIDU stocks shares; and BLACKROCK INC., currently with $596.18 million in BIDU stock with ownership of nearly -67.225% of the company’s market capitalization.

Positions in Baidu Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 198 institutional holders increased their position in Baidu Inc. [NASDAQ:BIDU] by around 11,139,105 shares. Additionally, 349 investors decreased positions by around 43,941,213 shares, while 124 investors held positions by with 39,543,042 shares. The mentioned changes placed institutional holdings at 94,623,360 shares, according to the latest SEC report filing. BIDU stock had 61 new institutional investments in for a total of 1,544,171 shares, while 101 institutional investors sold positions of 4,863,568 shares during the same period.


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