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Why Baidu's Stock Is Trading Lower Today

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Why Baidu's Stock Is Trading Lower Today

Baidu, Inc (NASDAQ: BIDU) shares are trading lower on Tuesday after Morgan Stanley downgraded the stock from Overweight to Equal-Weight and lowered its price target from $140 to $130 per share.

Baidu is an internet search engine in China. The firm generates 86% of revenue from online marketing services and the rest from other segments. Baidu is a technology-driven company and has been investing in AI technology, such as autonomously driven cars.

Baidu shares are trading down 2.78% at $119.45 at the time of publication on Tuesday. The stock has a 52-week high of $147.38 and a 52-week low of $82.

Latest Ratings for BIDU

DateFirmActionFromTo
Sep 2020Morgan StanleyDowngradesOverweightEqual-Weight
Aug 2020B of A SecuritiesMaintainsBuy
Aug 2020BarclaysMaintainsEqual-Weight

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View the Latest Analyst Ratings

 

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