This Is What Whales Are Betting On Baidu
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on Baidu (NASDAQ:BIDU), with 61% of detected trades showing bearish expectations. The targeted price range for Baidu over the last 3 months is from $110.0 to $200.0. The current price of BIDU is down -3.13% at $121.0. Bernstein has maintained their Outperform rating on Baidu, with a price target of $168.
October 17, 2023 | 5:46 pm
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Bearish sentiment detected in Baidu trades, with a targeted price range of $110-$200. Current price is down -3.13% at $121. Bernstein maintains Outperform rating with a price target of $168.
The bearish sentiment detected in Baidu trades, along with the current price drop, suggests a negative short-term impact on the stock. However, the maintained Outperform rating from Bernstein indicates potential for recovery.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100