Baidu's stock plunges toward a near 4-year low after disappointing results, outlook [MarketWatch]
Baidu, Inc. - American Depositary Shares, each representing 8 ordinary share (BIDU)
Last baidu, inc. - american depositary shares, each representing 8 ordinary share earnings: 2/27 04:30 pm
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Source: MarketWatch
Baidu's stock plunges toward a near 4-year low after disappointing results, outlook Shares of Baidu Inc. BIDU, -15.02% plummeted 13% in premarket trade Friday, putting them on track to open at the lowest price seen during regular-session hours since September 2015, after the China-based internet search giant swung to a first-quarter loss . The disappointing results and downbeat outlook prompted Analyst Fawne Jiang at Benchmark to keep her rating at buy, but to slash her price target by 27% to $180, given decelerating growth and persistent margin pressures. The stock has lost 9.6% over the past three months and 45% over the past 12 months, while the S&P 500 SPX, -0.45% has gained 3.6% the past three months and tacked on 5.7% the past year. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.
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BIDU
News
- Baidu, Inc. (NASDAQ: BIDU) had its price target lowered by analysts at HSBC Holdings plc from $157.00 to $145.00. They now have a "buy" rating on the stock.MarketBeat
- Baidu Inc. (BIDU) Outperforms Broader Market: What You Need to Know [Yahoo! Finance]Yahoo! Finance
- Is It Worth Investing in Baidu Inc. (BIDU) Based on Wall Street's Bullish Views? [Yahoo! Finance]Yahoo! Finance
- Baidu Launches Second ERNIE Cup, A Global Innovation Challenge to Discover the Next Big AI-Native Applications [Yahoo! Finance]Yahoo! Finance
- Baidu Launches Second ERNIE Cup, A Global Innovation Challenge to Discover the Next Big AI-Native ApplicationsPR Newswire
BIDU
Earnings
- 2/28/24 - Beat
BIDU
Sec Filings
- 4/12/24 - Form 6-K
- 4/2/24 - Form 144
- 3/18/24 - Form 6-K
- BIDU's page on the SEC website