What's Going On With Baidu Shares Wednesday?

Baidu Inc BIDU shares are trading lower by 1.9% to $105.51 going into the close of Wednesday’s session. Shares of U.S.-listed Chinese stocks are trading lower in sympathy with Alibaba Group, which fell after reporting third-quarter earnings.

Alibaba’s stock fell by 5.92% after releasing its quarterly earnings report, despite announcing an increase in its share buyback program. Although the company achieved a 5% year-on-year revenue growth to $36.67 billion in the third quarter of fiscal year 2023, it slightly missed the consensus estimate of $36.74 billion.

Additionally, its adjusted earnings per ADS of $2.67 fell short of the expected $2.69…Read More

Is BIDU A Good Stock To Buy?

Wall Street analysts view Baidu on the whole as a Buy, given the history of coverage over the past three months. Shyam Patil from Susquehanna in Baidu is the most bearish, expecting a 14.29% fall in the stock in the coming year.

But looking at how the market as a whole thinks of the stock, you can reference historical price action for views on whether investors feel strongly about the stock one way or another. In the past 3 months, Baidu rose 1.06%, which indicates that opinion improved on the business and how attractive it is to own based on either its stock price, or underlying fundamentals, like revenue, which rose 3.21% over the past year.

A complete overview of how Wall Street views individual stocks is available here, while real time updates on the latest analyst actions will be delivered via Benzinga PRO. Try it for free.

According to data from Benzinga Pro, Baidu Inc has a 52-week high of $160.53 and a 52-week low of $97.51.