Baidu.com Aktie 2231362 / US0567521085
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18.09.2025 01:34:12
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Why Baidu Stock Zoomed 11% Higher Today
Chinese internet search king Baidu (NASDAQ: BIDU) was looking very regal on Wednesday, at least as far as its U.S.-listed equity was concerned. The company's American depositary receipts (ADRs) shot more than 11% higher in price on the back of two successive, bullish analyst updates in as many days. That double-digit gain came during a trading session when the S&P 500 index fell by 0.1%. Well before market open, Jefferies' Thomas Chong upped his price target on Baidu substantially. He now believes the company's ADRs could rise to $157 per ADR, where before he thought their ceiling was $108. In making the change, he maintained his buy recommendation on the company. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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