Stock Rating Upgrade
In the last week the Value Trend Rating for Baidu Inc (NASDAQ: BIDU) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Baidu Inc (NASDAQ: BIDU) stock declined modestly by -1.7% on 8/9/24. The stock closed at $85.10. However, trading volume in this decline was unusually low at 51% of normal. The stock has been weak relative to the market over the last nine months and has declined -1.5% during the last week.
Current PriceTarget Research Rating
BIDU’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Baidu has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Baidu has a very high Appreciation Score of 94 but a slightly negative Power Rating of 35, and the Positive Value Trend Rating results.
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