Bidu stock price forecast technical bidu stock price forecast

Technical bidu stock price forecast patterns reveal an ascending triangle formation, hinting at possible upward momentum toward $ He also has no qualms about making significant investments in a few stocks that he believes are undervalued, a tactic the investor employed to strengthen Scion’s holdings at the end of 2024. Baidu, Inc. ( NASDAQ:BIDU ) closed the latest session at $96.29 , up 1.04%, extending a three-month rally of nearly 15%. Despite this rebound, the company remains far below its 52-week high of $116.25 , reflecting persistent investor caution around Chinese tech amid regulatory pressure and macroeconomic uncertainty. The company’s market cap now stands at $33.09 billion , with a P/E ratio of just 8.8x , underscoring the deep discount at which BIDU trades compared to U.S. peers like Alphabet. In the latest bidu stock price forecast update, revisions to GDP growth in China and tech sector subsidies may lift Baidu’s 2024 guidance. Equity analysts are revising target prices averaging $115 based on stronger advertising margins.