Why Baidu's Stock Is Trading Lower Today

Baidu, Inc 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.