This Is What Whales Are Betting On Baidu
Portfolio Pulse from Benzinga Insights
A large investor has taken a bullish stance on Baidu (NASDAQ:BIDU), with 63% of big-money traders being bullish and 36% bearish. Whales have been targeting a price range of $120 to $185 for Baidu over the last 3 months. Morgan Stanley upgraded its action to Overweight with a price target of $190.
June 27, 2023 | 3:32 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
A large investor's bullish stance on Baidu (NASDAQ:BIDU) may indicate positive short-term price movement. Morgan Stanley upgraded its action to Overweight with a price target of $190.
The bullish stance taken by a large investor, along with the majority of big-money traders being bullish, indicates a positive sentiment towards Baidu's stock. Additionally, Morgan Stanley's upgrade to Overweight with a price target of $190 supports the potential for short-term price growth.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100