Forecasting The Future: 8 Analyst Projections For Baidu
Portfolio Pulse from Benzinga Insights
In the past three months, 8 analysts have provided ratings for Baidu (NASDAQ:BIDU), ranging from bullish to bearish. The average 12-month price target has decreased by 5.6% to $150.5. Analysts have recently lowered their price targets, reflecting a cautious outlook.
May 24, 2024 | 2:00 pm
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Analysts have mixed views on Baidu with a recent 5.6% drop in the average 12-month price target to $150.5. Recent ratings show a cautious outlook with several analysts lowering their price targets.
The decrease in the average price target and the fact that several analysts have lowered their price targets indicate a cautious outlook on Baidu's stock. This could lead to a short-term negative impact on the stock price.
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