Dernières nouvelles pour Baidu (NASDAQ:BIDU) Stock

Baidu

Baidu is the largest internet search engine in China with over 50% share of the search engine market in 2024 per web analytics firm, Statcounter. The firm generated 72% of core revenue from online marketing services from its search engine in 2023. Outside its search engine, Baidu is a technology-driven company and its other major growth initiatives are artificial intelligence cloud, video streaming services, voice recognition technology, and autonomous driving.

Baidu, Inc. - American Depositary Shares, each representing 8 ordinary share

Baidu Inc

On Saturday, Baidu, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) obtained a Hong Kong&nbsp;license&nbsp;to test <a target="_blank" href="https://www.benzinga.com/topic/autonomous-vehicles" rel="noreferrer noopener">autonomous vehicles</a> in the city. This is the government&#8217;s first pilot license since the launch of new legislation in March 2024.
The license, valid from December 9, 2024, to December 8, 2029, permits only one self-driving car to operate on specified road sections at a time in its first phase, marking the company&#8217;s attempts to expand its autonomous vehicle technology beyond China, Reuters reports.
Also Read: <a target="_blank" href="https://www.benzinga.com/media/24/11/42247515/meta-weighs-sole-ownership-of-a-10-billion-subsea-cable-project" rel="noreferrer noopener">Meta Weighs Sole Ownership Of A $10 Billion Subsea Cable Project</a>
Baidu&#8217;s Apollo International unit can conduct a trial of 10 autonomous vehicles in the North Lantau area, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-12-01/baidu-wins-first-license-to-test-self-driving-car-in-hong-kong?sref=TBDibEcD" rel="noreferrer noopener">cites</a> Hong Kong&#8217;s Transport Department.
Apollo Go targets the expansion of AI and autonomous driving technology to more countries and regions, Bloomberg cites an Apollo Go spokesperson.
Baidu&#8217;s autonomous ride-hailing arm, Apollo Go, launched an affordable robotaxi model in May and aims to break even by 2025. According to prior reports, Baidu plans to expand its robotaxi service to Hong Kong, Singapore, and the Middle East.
Baidu reported <a href="https://www.benzinga.com/news/earnings/24/11/42109965/baidus-q3-earnings-revenue-slides-weak-online-ads-market-impact-margins" target="_blank" rel="noreferrer noopener">fiscal third-quarter</a> revenue decline of 3% to $4.78 billion, above the analyst estimate of $4.69 billion. 
Baidu&#8217;s adjusted earnings per ADS&nbsp;of $2.37 topped the&nbsp;consensus estimate of $2.35.
Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) held its <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41244101/teslas-party-could-be-crashed-by-baidu-as-chinese-rival-considers-global-robotaxi-expansion" rel="noreferrer noopener">robotaxi event in</a> October 2024. Meanwhile, Chinese robotaxi developer WeRide Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>) revealed a new partnership with Uber to bring its vehicles to the ride-hailing platform in Abu Dhabi.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/02030635/newplot.png" alt="" class="wp-image-671838" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/02030635/newplot.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/02030635/newplot-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Baidu&nbsp;stock plunged over 26% year-to-date as it battled a weak economy, U..S. semiconductor sanctions on China with the domestic fiscal stimulus failing to impress the Street.
Investors can gain exposure to Baidu through Managed Portfolio Series Tremblant Global ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOGA#NYSE">TOGA</a>) and Roundhill Ball Metaverse ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/METV#NYSE">METV</a>).
Price Action: BIDU stock traded higher by 0.66% to $85.61 premarket at the last check on Monday.
Also Read:
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<li><a href="https://www.benzinga.com/24/11/42245036/alibaba-co-founder-makes-rare-appearance-at-company-campus" target="_blank" rel="noreferrer noopener">Alibaba Co-Founder Jack Ma Makes Rare Appearance At Company Campus</a></li>
</ul>
Photo via Wikimedia Commons

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Baidu Takes on Tesla, Secures License To Test Self-Driving Tech in Hong Kong

Analysts' ratings for Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) over the last quarter vary from bullish to bearish, as provided by 6 analysts.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">2</td>
<td align="right">2</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $112.67, along with a high estimate of $141.00 and a low estimate of $85.00. A 12.93% drop is evident in the current average compared to the previous average price target of $129.40. 
<img src="https://www.benzinga.com/files/images/story/2024/1732899645_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The standing of Baidu among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Alicia Yap</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$141.00</td>
<td>$142.00</td>
</tr>
<tr>
<td>Shyam Patil</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$85.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Fawne Jiang</td>
<td>Benchmark</td>
<td>Lowers</td>
<td>Buy</td>
<td>$130.00</td>
<td>$135.00</td>
</tr>
<tr>
<td>James Lee</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$115.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Charlene Liu</td>
<td>HSBC</td>
<td>Announces</td>
<td>Hold</td>
<td>$100.00</td>
<td>-</td>
</tr>
<tr>
<td>Shyam Patil</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Positive</td>
<td>$105.00</td>
<td>$135.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Baidu. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Baidu compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Baidu's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Baidu's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/BIDU/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Baidu analyst ratings.</a>
<h2>Discovering Baidu: A Closer Look</h2>
Baidu is the largest internet search engine in China with over 50% share of the search engine market in 2024 per web analytics firm, Statcounter. The firm generated 72% of core revenue from online marketing services from its search engine in 2023. Outside its search engine, Baidu is a technology-driven company and its other major growth initiatives are artificial intelligence cloud, video streaming services, voice recognition technology, and autonomous driving.
<h3>Baidu: A Financial Overview</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Baidu's revenue growth over a period of 3 months has faced challenges. As of 30 September, 2024, the company experienced a revenue decline of approximately -2.58%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Communication Services sector.
Net Margin: Baidu's net margin excels beyond industry benchmarks, reaching 22.74%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Baidu's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.98% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Baidu's ROA excels beyond industry benchmarks, reaching 1.83%. This signifies efficient management of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.3.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Critical Insights From Baidu Analyst Ratings: What You Need To Know

Citigroup analyst Alicia Yap maintains Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) with a Buy and lowers the price target from $142 to $141.

Price Target

Citigroup Maintains Buy on Baidu, Lowers Price Target to $141

Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) shares saw a slight uptick in premarket trading on Friday following reported staffing changes within its<a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener"> smart driving team.</a>
The Chinese electric vehicle (EV) maker has appointed Xia Zhongpu as the head of end-to-end technology delivery, a role that reports directly to Lang Xianpeng, the head of smart driving, <a target="_blank" href="https://cnevpost.com/2024/11/29/li-auto-reshuffles-smart-driving-team-report/" rel="noreferrer noopener">reported</a> CnEV Post.
This restructuring marks a significant shift as Li Auto pushes for long-term technological advancements in its EV offerings.
Xia&#8217;s behavioral intelligence department has been promoted to a first-tier unit, reflecting the company&#8217;s progress in end-to-end technology development. The move comes after Li Auto hit key milestones in its technology efforts. These changes signal the company&#8217;s commitment to enhancing its smart driving capabilities as it continues to innovate in the competitive EV market.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/11/42241747/asia-and-europe-markets-mixed-oil-falls-gold-rises-dollar-weakens-global-markets-today-while-us-slept" rel="noreferrer noopener">Asia And Europe Markets Mixed; Oil Falls And Dollar Cools &#8211; Global Markets Today While US Slept</a>
Xia previously worked at Baidu, Inc&#8217;s autonomous driving team, where he focused on integrating planning and control in smart driving systems using AI neural networks. This technology is crucial for achieving an end-to-end solution.
Meanwhile, Shares of U.S.-listed Chinese stocks have seen gains recently following a report indicating additional Chinese fiscal stimulus after a critical economic meeting in December.
As said earlier, Li Auto expects fourth-quarter revenue of $6.2 billion—$6.5 billion, representing an&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41647868/li-auto-q3-earnings-24-topline-growth-1-million-deliveries-milestone-q4-revenue-outlook-lags-street" rel="noreferrer noopener">increase of 3.5%–10.0% year over year.</a>
LI expects fourth-quarter vehicle deliveries of 160,000—170,000, representing an increase of 21.4%–29.0%&nbsp;year over year.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, LI stock has lost over 39% in the past year. Investors can gain exposure to the stock via&nbsp;VanEck Low Carbon Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMOG#NYSE">SMOG</a>).
Price Action: LI shares are trading higher by 0.17% to $23.35 premarket at last check Friday.
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Photo by Postmodern Studio on Shutterstock.

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What's Going On With Li Auto Stock Friday?

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Shares of US-listed Chinese stocks are trading higher following a report indicating additional Chinese fiscal stimulus after a key economic meeting in December.

U.S.-listed Chinese stocks&nbsp;Alibaba Group Holding.&nbsp;(NYSE:&nbsp;BABA),&nbsp;JD.com, Inc.&nbsp;(NASDAQ:&nbsp;JD),&nbsp;Baidu, Inc.&nbsp;(NASDAQ:&nbsp;BIDU),&nbsp;NIO Inc. (NYSE:&nbsp;NIO),&nbsp;Li Auto Inc.&nbsp;(NASDAQ:&nbsp;LI),&nbsp;and XPeng Inc.&nbsp;(NYSE:&nbsp;XPEV) are trading higher Wednesday following a Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-11-27/chinese-stocks-jump-as-stimulus-hopes-rise-ahead-of-key-meeting?sref=TBDibEcD" rel="noreferrer noopener">report</a> indicating additional Chinese fiscal stimulus after&nbsp;a key economic meeting in December.
Additionally, China&#8217;s industrial profits showed signs of recovery in October, as stimulus measures introduced by Beijing helped reduce the pace of declines. Industrial profits fell 10% year-over-year last month, improving from the 27.1% drop reported in September, the Wall Street Journal <a target="_blank" href="https://www.wsj.com/economy/china-industrial-profits-show-slight-improvement-as-stimulus-kicks-in-fb1e8ac5?mod=latest_headlines" rel="noreferrer noopener">reports</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/11/42191062/manchester-united-q3-earnings-revenue-falls-89-as-broadcasting-takes-a-hit-cost-cuts-stay-on-track-reaffirms-2025-guidance" rel="noreferrer noopener">Manchester United Q1 Earnings: Revenue Falls 8.9% As Broadcasting Takes A Hit, Cost Cuts Stay On Track, Reaffirms 2025 Guidance</a>
According to the National Bureau of Statistics, efforts to stabilize industrial output are gaining traction.
Yu Weining, a bureau statistician, told the WSJ that the improvement was due to various support measures, including interest rate cuts and liquidity injections, to boost market confidence and production levels.
The recovery was particularly evident in the raw materials and consumer goods manufacturing sectors, bolstered by a rebound in domestic consumption and robust exports of industrial products. The data reflects a broader stabilization in production, though challenges remain for industrial enterprises operating under reduced capacity.
For the first ten months of 2024, industrial profits dropped by 4.3% year-over-year, widening from the 3.5% decline recorded in the first nine months. This broader trend indicates persistent headwinds despite recent gains as some companies grapple with reduced operations.
China&#8217;s government introduced a <a target="_blank" href="https://www.benzinga.com/government/regulations/24/11/41843262/chinas-stimulus-plan-not-enough-to-ignite-stocks" rel="noreferrer noopener">6 trillion yuan ($840 billion) stimulus</a> to alleviate local debt burdens and revive economic growth.
The plan, confirmed by Finance Minister Lan Fo&#8217;an, will provide 2 trillion yuan annually to local governments through 2026.
Central authorities will issue 800 billion yuan annually in bonds, totaling 4 trillion yuan over five years.
The initiative aims to cut hidden local debts from 14.3 trillion yuan to 2.3 trillion yuan by 2028.
China&#8217;s government advisers expect the country to brace for an economic growth target of 5.0% for 2025 and robust fiscal stimulus to nullify the impact of expected U.S. tariff hikes on its exports, as per Reuters.
Price Actions: At the last check on Wednesday, BABA stock is up 2.03% to $86.91. JD is up 3.792%, BIDU is up 0.99%, NIO is up 2.78%, LI is up 3.16% and XPEV is up 3.25%.
Also Read:
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<li><a href="https://www.benzinga.com/tech/24/11/42190945/microsoft-service-disruption-hits-outlook-and-teams-thousands-report-issues" target="_blank" rel="noreferrer noopener">Microsoft Service Disruption Hits Outlook And Teams, Thousands Report Issues</a></li>
</ul>
Image via Shutterstock.

What's Going On With US Listed Chinese Stocks Alibaba, JD, Nio, Li, XPeng On Wednesday?

Whales with a lot of money to spend have taken a noticeably bearish stance on Baidu.
Looking at options history for Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) we detected 21 trades.
If we consider the specifics of each trade, it is accurate to state that 28% of the investors opened trades with bullish expectations and 52% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $452,157 and 13, calls, for a total amount of $811,033.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $70.0 and $110.0 for Baidu, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for Baidu options trades today is 2366.57 with a total volume of 5,531.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Baidu's big money trades within a strike price range of $70.0 to $110.0 over the last 30 days.
<h3>Baidu Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732647693_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BIDU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$15.0</td>
<td>$14.95</td>
<td>$15.0</td>
<td>$70.00</td>
<td>$171.0K</td>
<td>1.5K</td>
<td align="right">125</td>
</tr>
<tr>
<td>BIDU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$5.95</td>
<td>$5.9</td>
<td>$5.9</td>
<td>$85.00</td>
<td>$118.0K</td>
<td>396</td>
<td align="right">708</td>
</tr>
<tr>
<td>BIDU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$5.9</td>
<td>$5.85</td>
<td>$5.85</td>
<td>$85.00</td>
<td>$117.0K</td>
<td>396</td>
<td align="right">508</td>
</tr>
<tr>
<td>BIDU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$18.4</td>
<td>$17.7</td>
<td>$17.7</td>
<td>$100.00</td>
<td>$88.5K</td>
<td>1.5K</td>
<td align="right">50</td>
</tr>
<tr>
<td>BIDU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$7.25</td>
<td>$7.1</td>
<td>$7.25</td>
<td>$85.00</td>
<td>$80.4K</td>
<td>1.9K</td>
<td align="right">0</td>
</tr>
</tbody>
</table>

<h3>About Baidu</h3>
Baidu is the largest internet search engine in China with over 50% share of the search engine market in 2024 per web analytics firm, Statcounter. The firm generated 72% of core revenue from online marketing services from its search engine in 2023. Outside its search engine, Baidu is a technology-driven company and its other major growth initiatives are artificial intelligence cloud, video streaming services, voice recognition technology, and autonomous driving.
<h3>Current Position of Baidu</h3>
<ul>
<li>Trading volume stands at 1,934,569, with BIDU's price up by 1.28%, positioned at $83.73.</li>
<li>RSI indicators show the stock to be may be approaching oversold.</li>
<li>Earnings announcement expected in 92 days.</li>
</ul>
<h3>What The Experts Say On Baidu</h3>
In the last month, 3 experts released ratings on this stock with an average target price of $110.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Reflecting concerns, an analyst from Susquehanna lowers its rating to Neutral with a new price target of $85. 
&#x2A; An analyst from Benchmark has decided to maintain their Buy rating on Baidu, which currently sits at a price target of $130. 
&#x2A; An analyst from Mizuho persists with their Outperform rating on Baidu, maintaining a target price of $115. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Baidu with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Baidu's Options: A Look at What the Big Money is Thinking

Susquehanna analyst Shyam Patil downgrades Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) from Positive to Neutral and lowers the price target from $105 to $85.

Downgrades

Susquehanna Downgrades Baidu to Neutral, Lowers Price Target to $85

Benchmark analyst Fawne Jiang maintains Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) with a Buy and lowers the price target from $135 to $130.

Benchmark Maintains Buy on Baidu, Lowers Price Target to $130

Investors with a lot of money to spend have taken a bearish stance on Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with BIDU, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 8 uncommon options trades for Baidu.
This isn't normal.
The overall sentiment of these big-money traders is split between 12% bullish and 75%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $173,105, and 4 are calls, for a total amount of $166,300.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $60.0 and $130.0 for Baidu, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Baidu's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Baidu's substantial trades, within a strike price spectrum from $60.0 to $130.0 over the preceding 30 days.
<h3>Baidu Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732286989_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BIDU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/29/24</td>
<td>$15.0</td>
<td>$14.6</td>
<td>$14.85</td>
<td>$95.00</td>
<td>$74.2K</td>
<td>71</td>
<td align="right">60</td>
</tr>
<tr>
<td>BIDU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$13.4</td>
<td>$13.15</td>
<td>$13.15</td>
<td>$110.00</td>
<td>$65.7K</td>
<td>58</td>
<td align="right">52</td>
</tr>
<tr>
<td>BIDU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$6.15</td>
<td>$6.0</td>
<td>$6.15</td>
<td>$75.00</td>
<td>$43.0K</td>
<td>2.1K</td>
<td align="right">75</td>
</tr>
<tr>
<td>BIDU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$3.6</td>
<td>$3.5</td>
<td>$3.5</td>
<td>$80.00</td>
<td>$35.0K</td>
<td>931</td>
<td align="right">308</td>
</tr>
<tr>
<td>BIDU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$3.5</td>
<td>$3.4</td>
<td>$3.5</td>
<td>$80.00</td>
<td>$33.2K</td>
<td>931</td>
<td align="right">308</td>
</tr>
</tbody>
</table>

<h3>About Baidu</h3>
Baidu is the largest internet search engine in China with over 50% share of the search engine market in 2024 per web analytics firm, Statcounter. The firm generated 72% of core revenue from online marketing services from its search engine in 2023. Outside its search engine, Baidu is a technology-driven company and its other major growth initiatives are artificial intelligence cloud, video streaming services, voice recognition technology, and autonomous driving.
After a thorough review of the options trading surrounding Baidu, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of Baidu</h3>
<ul>
<li>With a trading volume of 624,529, the price of BIDU is down by -2.22%, reaching $79.82.</li>
<li>Current RSI values indicate that the stock is may be approaching oversold.</li>
<li>Next earnings report is scheduled for 96 days from now.</li>
</ul>
<h3>Expert Opinions on Baidu</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $115.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Mizuho persists with their Outperform rating on Baidu, maintaining a target price of $115. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Baidu with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Behind the Scenes of Baidu's Latest Options Trends

U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining by more than 500 points on Thursday.
The Dow traded up 1.24% to 43,945.57 while the NASDAQ rose 0.09% to 18,982.36. The S&amp;P 500 also rose, gaining, 0.62% to 5,953.83.
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Leading and Lagging Sectors Energy shares rose by 1.6% on Thursday.
In trading on Thursday, communication services shares fell by 2.3%.
Top Headline
Shares of Baidu, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) fell more than 5% on Thursday after the company reported results for its fiscal third quarter.
The company posted quarterly revenue of $4.78 billion, down 3% year-on-year, topping the analyst consensus estimate of $4.69 billion. Baidu's adjusted earnings per ADS of $2.37 beat the analyst consensus estimate of $2.35.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) shares shot up 29% to $4.75. Quantum Computing announced it received another purchase order for its photonic chip foundry.</li>
<li>Shares of Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) got a boost, surging 32% to $170.79 after the company reported stronger-than-expected results for its third quarter. Snowflake expects fourth-quarter product revenue in the range of $906 million to $911 million, up approximately 23% year-over-year. The company also raised its full-year product revenue guidance from $3.356 billion to $3.43 billion, representing 29% year-over-year growth.</li>
<li>Universal Technical Institute, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UTI#NYSE">UTI</a>) shares were also up, gaining 19% to $23.71 after the company posted upbeat quarterly earnings.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Cool Company Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLCO#NYSE">CLCO</a>) shares dropped 13% to $9.27 following third-quarter results.</li>
<li>Shares of Pyxis Oncology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYXS#NASDAQ">PYXS</a>) were down 44% to $2.14 after the company announced PYX-201 clinical Phase 1 part 1 data.</li>
<li>Kura Oncology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KURA#NASDAQ">KURA</a>) was down, falling 34% to $10.46. Kura Oncology and Kyowa Kirin disclosed a global strategic collaboration to develop and commercialize Ziftomenib in Acute Leukemias.</li>
</ul>
Commodities In commodity news, oil traded up 1.7% to $70.06 while gold traded up 0.8% at $2,673.60.
Silver traded down 0.3% to $30.920 on Thursday, while copper fell 0.9% to $4.1170.
Euro zone
European shares closed higher today. The eurozone's STOXX 600 rose 0.41%, Germany's DAX gained 0.74% and France's CAC 40 rose 0.21%. Spain's IBEX 35 Index rose 0.19%, while London's FTSE 100 gained 0.79%.
Consumer confidence in the Eurozone fell by 1.2 points to a reading of -13.7 in November.
Asia Pacific Markets
Asian markets closed mostly lower on Thursday, with Japan's Nikkei 225 falling 0.85%, Hong Kong's Hang Seng Index falling 0.53%, China's Shanghai Composite Index gaining 0.07% and India's BSE Sensex falling 0.54%.
Economics
<ul>
<li>U.S. existing home sales gained by 3.5% from the previous month to an annualized rate of 3.96 million in October.</li>
<li>The Philadelphia Fed Manufacturing Index fell to -5.5 in November from 10.3 in the previous month, and compared to market estimates of 8.</li>
<li>U.S. initial jobless claims declined by 6,000 from the previous week to 213,000 in the week ending Nov. 16.</li>
</ul>
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Nasdaq Edges Higher; Baidu Shares Fall After Q3 Results

Baidu shares are trading lower. The company reported Q3 financial results.

On Thursday, Baidu, Inc&nbsp;(NASDAQ:&nbsp;BIDU) reported&nbsp;fiscal third-quarter&nbsp;revenue of $4.78 billion, down 3% year-on-year, topping the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n42105682/baidu-announces-third-quarter-2024-results" rel="noreferrer noopener">analyst&nbsp;consensus estimate of $4.69 billion</a>.&nbsp;
Baidu&#8217;s adjusted earnings per ADS&nbsp;of $2.37 beat the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $2.35</a>. The stock price slid after the print.
Also Read: <a target="_blank" href="https://www.benzinga.com/tech/24/11/42088437/qualcomm-targets-900-billion-market-by-2030-big-bets-on-iot-and-automotive" rel="noreferrer noopener">Qualcomm Targets $900 Billion Market by 2030: Big Bets on IoT and Automotive</a>
Segments:&nbsp;Baidu&#8217;s Core revenue remained flat year over year at $3.78 billion; Online marketing revenue declined by 4% year over year to $2.68 billion. Non-online marketing revenue&nbsp;grew 12% year over year to&nbsp;$1.10 billion, driven by the AI Cloud business.&nbsp;
Revenue from&nbsp;IQIYI, Inc&nbsp;(NASDAQ:&nbsp;IQ) decreased 10% year over year to $1.03 billion, beating the analyst consensus estimate of $1.02 billion.&nbsp;
Baidu&#8217;s SG&amp;A expenses were $836 million, up by 2% year over year, primarily due to an increase in channel spending and promotional marketing expenses. R&amp;D expenses declined 12% year over year to $765 million, primarily due to a decrease in personnel-related expenses.&nbsp;&nbsp;
Baidu&#8217;s adjusted EBITDA margin declined 200 bps to 26%, and its Core adjusted EBITDA margin&nbsp;decreased by 100 bps to 31%. As of September 30, 2024, Baidu had $20.59 billion in cash and equivalents and generated $376 million in free cash flow.&nbsp;
Co-founder and CEO Robin Li said Baidu Core&#8217;s flat third-quarter revenue reflected ongoing weakness in the online marketing business, balanced by growth in the AI Cloud segment.
Strong AI capabilities gained broader market recognition, with ERNIE seeing increased adoption. Apollo Go maintained its leadership in the global autonomous ride-hailing market, achieving a milestone as the sixth-generation autonomous vehicle began operating on public roads in multiple Chinese cities.
Despite near-term challenges, Baidu remains committed to its AI-focused strategy, aiming to scale AI and drive innovation for consumers, enterprises, and society.
Interim CFO Junjie He said Baidu&#8217;s strict cost control measures supported stable operating margins for Baidu Core in the third quarter, with further cost optimizations across business units.
AI Cloud sustained healthy growth, and Apollo Go&#8217;s operational progress reinforced confidence in the fully autonomous ride-hailing business model.
Baidu&nbsp;stock plunged 25% year-to-date as it grappled with a weak economy, U..S. semiconductor sanctions on China.
Price Action: At the last check on Thursday, BIDU stock traded lower by 2.25% at $84.80 in the premarket session.
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</ul>
Image via Shutterstock

Baidu's Q3 Earnings: Revenue Slides, Weak Online Ads Market Impact Margins

Baidu Q3 Adj EPADS $2.37 Beats $2.35 Estimate, Sales $4.78B Beat $4.69B Estimate

<h3>Companies Reporting Before The Bell</h3>
• Vestis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSTS#NYSE">VSTS</a>) is likely to report quarterly earnings at $0.13 per share on revenue of $690.99 million. 
• Nano X Imaging (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNOX#NASDAQ">NNOX</a>) is expected to report quarterly loss at $0.15 per share on revenue of $3.53 million. 
• Warner Music Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WMG#NASDAQ">WMG</a>) is estimated to report quarterly earnings at $0.31 per share on revenue of $1.60 billion. 
• Construction Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROAD#NASDAQ">ROAD</a>) is estimated to report quarterly earnings at $0.57 per share on revenue of $538.05 million. 
• Cerence (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRNC#NASDAQ">CRNC</a>) is projected to report quarterly loss at $0.38 per share on revenue of $47.65 million. 
• BJ's Wholesale Club (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>) is projected to report quarterly earnings at $0.93 per share on revenue of $5.11 billion. 
• Ituran Location &amp; Control (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRN#NASDAQ">ITRN</a>) is projected to report quarterly earnings at $0.66 per share on revenue of $85.44 million. 
• Baozun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BZUN#NASDAQ">BZUN</a>) is projected to report earnings for its third quarter. 
• Shoe Carnival (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) is likely to report quarterly earnings at $0.65 per share on revenue of $316.23 million. 
• Atkore (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATKR#NYSE">ATKR</a>) is projected to report quarterly earnings at $2.47 per share on revenue of $748.32 million. 
• iQIYI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IQ#NASDAQ">IQ</a>) is likely to report quarterly earnings at $0.04 per share on revenue of $1.02 billion. 
• GreenTree Hospitality Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GHG#NYSE">GHG</a>) is likely to report earnings for its third quarter. 
• PDD Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) is projected to report quarterly earnings at $2.82 per share on revenue of $14.47 billion. 
• Deere (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>) is projected to report quarterly earnings at $3.87 per share on revenue of $9.35 billion. 
• KE Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEKE#NYSE">BEKE</a>) is expected to report quarterly earnings at $0.21 per share on revenue of $3.23 billion. 
• Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) is expected to report quarterly earnings at $2.35 per share on revenue of $4.69 billion. 
• Yunji (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YJ#NASDAQ">YJ</a>) is likely to report earnings for its third quarter. 
• Evogene (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGN#NASDAQ">EVGN</a>) is projected to report quarterly loss at $1.01 per share on revenue of $2.85 million. 
• Lotus Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOT#NASDAQ">LOT</a>) is expected to report earnings for its third quarter. 
• RealReal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REAL#NASDAQ">REAL</a>) is projected to report earnings for its fourth quarter. 
<h3>Companies Reporting After The Bell</h3>
• Copart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>) is estimated to report quarterly earnings at $0.37 per share on revenue of $1.10 billion. 
• UGI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UGI#NYSE">UGI</a>) is likely to report quarterly loss at $0.29 per share on revenue of $1.65 billion. 
• Matthews International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MATW#NASDAQ">MATW</a>) is likely to report quarterly earnings at $0.38 per share on revenue of $440.46 million. 
• Gap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAP#NYSE">GAP</a>) is projected to report quarterly earnings at $0.58 per share on revenue of $3.81 billion. 
• Logility Supply Chain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGTY#NASDAQ">LGTY</a>) is projected to report quarterly earnings at $0.09 per share on revenue of $25.93 million. 
• Elastic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) is estimated to report quarterly earnings at $0.38 per share on revenue of $354.28 million. 
• Ross Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) is estimated to report quarterly earnings at $1.40 per share on revenue of $5.15 billion. 
• NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) is estimated to report quarterly earnings at $1.78 per share on revenue of $1.64 billion. 
• Intuit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) is estimated to report quarterly earnings at $2.36 per share on revenue of $3.14 billion. 
• Geospace Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEOS#NASDAQ">GEOS</a>) is projected to report earnings for its fourth quarter. 
• Natural Grocers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGVC#NYSE">NGVC</a>) is expected to report earnings for its fourth quarter. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ATKR

BEKE

BZUN

CPRT

CRNC

ESTC

EVGN

GEOS

INTU

ITRN

LGTY

MATW

NGVC

NNOX

NTAP

Citigourp Global Markets 2% Protected Notes Linked To The Djia

REAL

ROAD

ROST

SCVL

VSTS

Earnings Scheduled For November 21, 2024

Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) will report its third-quarter earnings on Thursday. Wall Street expects $2.35 in earning per share and $4.69 billion in revenues as the company reports<a href="https://www.benzinga.com/calendars/earnings?tickers=BIDU" target="_blank" rel="noreferrer noopener"> before market hours</a>.
The stock is down 22.24% over the past year, 24.97% year-to-date.
Let&#8217;s look at what the charts indicate for Baidu stock and how the stock currently maps against Wall Street estimates.
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<h2 class="wp-block-heading">Baidu Stock In Strongly Bearish Trend </h2>
Baidu stock is navigating a strongly bearish trend as its current share price sits below its five, 20 and 50-day exponential moving averages.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="490" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20105930/Screenshot-2024-11-20-at-9.29.05-PM.png" alt="" class="wp-image-657204" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20105930/Screenshot-2024-11-20-at-9.29.05-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20105930/Screenshot-2024-11-20-at-9.29.05-PM-300x234.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112024&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
Despite this, Baidu is experiencing subtle buying pressure, offering a glimmer of bullish potential.
The stock trades just above its eight-day simple moving average (SMA) of $85.52, signaling a short-term bullish outlook. However, longer-term indicators tell a different story: the 20-day SMA at $88.97, 50-day SMA at $93.81 and 200-day SMA at $96.27 all reflect bearish signals. 
The MACD indicator of a negative 2.51 underscores the downward momentum, while the RSI of 41.65 suggests the stock is approaching oversold territory, hinting at potential support levels ahead.
<h2 class="wp-block-heading">Baidu Analysts See 23% Upside</h2>
Ratings &amp; Consensus Estimates: <a href="https://www.benzinga.com/quote/BIDU/analyst-ratings" target="_blank" rel="noreferrer noopener">The consensus analyst rating</a> on Baidu stock stands at a Buy currently with a price target of $151.95. Recent analyst ratings from Mizuho, HSBC and Susquehanna suggest a 22.99% upside for Baidu stock, with a $106.67 average price target.
Price Action: Baidu stock was trading at $86.52 per share, up 58%, at last check Wednesday. 
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Image: Shutterstock

Technicals

Previews

Can Baidu Break Bearish Spell? Buying Pressure Shows Bullish Pre-Earnings Potential

Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) is preparing to release its quarterly earnings on Thursday, 2024-11-21. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Baidu to report an earnings per share (EPS) of $2.35.
Baidu bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Overview of Past Earnings</h3>
During the last quarter, the company reported an EPS beat by $0.31, leading to a 0.1% drop in the share price on the subsequent day.
Here's a look at Baidu's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.58</td>
<td>2.30</td>
<td>2.48</td>
<td>2.32</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.89</td>
<td>2.76</td>
<td>3.08</td>
<td>2.80</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-0.0%</td>
<td>-2.0%</td>
<td>-2.0%</td>
<td>6.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1732111238_0.png" alt="eps graph" />
<h3>Tracking Baidu's Stock Performance</h3>
Shares of Baidu were trading at $86.02 as of November 19. Over the last 52-week period, shares are down 30.29%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<h3>Analyst Opinions on Baidu</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Baidu.
With 7 analyst ratings, Baidu has a consensus rating of Buy. The average one-year price target is $115.14, indicating a potential 33.85% upside.
<h3>Peer Ratings Comparison</h3>
This comparison focuses on the analyst ratings and average 1-year price targets of Pinterest, Snap and IAC, three major players in the industry, shedding light on their relative performance expectations and market positioning.
<ul>
<li>For Pinterest, analysts project an Outperform trajectory, with an average 1-year price target of $40.67, indicating a potential 52.72% downside.</li>
<li>For Snap, analysts project an Neutral trajectory, with an average 1-year price target of $12.83, indicating a potential 85.08% downside.</li>
<li>IAC is maintaining an Buy status according to analysts, with an average 1-year price target of $80.29, indicating a potential 6.66% downside.</li>
</ul>
<h3>Summary of Peers Analysis</h3>
In the peer analysis summary, key metrics for Pinterest, Snap and IAC are highlighted, providing an understanding of their respective standings within the industry and offering insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Reddit</td>
<td>Buy</td>
<td>67.87%</td>
<td>$313.72M</td>
<td>1.54%</td>
</tr>
<tr>
<td>Pinterest</td>
<td>Outperform</td>
<td>17.71%</td>
<td>$710.92M</td>
<td>1.00%</td>
</tr>
<tr>
<td>Snap</td>
<td>Neutral</td>
<td>15.48%</td>
<td>$733.67M</td>
<td>-7.17%</td>
</tr>
<tr>
<td>IAC</td>
<td>Buy</td>
<td>-15.53%</td>
<td>$680.91M</td>
<td>-4.14%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Baidu ranks at the bottom for Revenue Growth among its peers. It is in the middle for Gross Profit. For Return on Equity, Baidu is at the top.
<h3>Unveiling the Story Behind Baidu</h3>
Baidu is the largest internet search engine in China with over 50% share of the search engine market in 2024 per web analytics firm, Statcounter. The firm generated 72% of core revenue from online marketing services from its search engine in 2023. Outside its search engine, Baidu is a technology-driven company and its other major growth initiatives are artificial intelligence cloud, video streaming services, voice recognition technology, and autonomous driving.
<h3>Financial Insights: Baidu</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Challenges: Baidu's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -0.37%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Communication Services sector.
Net Margin: Baidu's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 16.17% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Baidu's ROE excels beyond industry benchmarks, reaching 2.19%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Baidu's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.32% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.33.
<a href="https://www.benzinga.com/quote/BIDU/earnings">To track all earnings releases for Baidu visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What to Expect from Baidu's Earnings

By Lee Shih Ta
&ldquo;Without innovation and technology, there is no future&rdquo; says John Lee Ka-chiu, Hong Kong&rsquo;s leader. As a global financial and commercial hub, Hong Kong has been transforming itself into a technology-driven innovation center in recent years, in line with Mainland China&rsquo;s policy of cultivating &ldquo;new productive forces&rdquo; and creating a new driving force for development led by technology. Through its steady accumulation of capital and introduction of talent focused on key industries, an ecosystem of &ldquo;patient capital&rdquo; is rapidly taking shape.
&ldquo;Patient capital&rdquo; refers to capital that has a longer-term outlook on returns and a higher tolerance for risk. It doesn&rsquo;t prioritize short-term gains, but instead puts more focus on projects or investment activities with long-term returns. And investment plans don&rsquo;t get derailed by short-term market fluctuations.
Hong Kong&rsquo;s financial markets have always been a rich source of direct financing for the Mainland&rsquo;s technology companies, attracting global patient capital to participate in such investment while promoting international exchange and cooperation. The city has become an important place where domestic and foreign &ldquo;patient capital&rdquo; can come together.
<h3>Technology-Driven At The Core</h3>
Science and technology are at the heart of Hong Kong&rsquo;s ambitions. But such ambitions have sputtered for years in the city due to factors like high office rents and human resource costs. Compared with neighboring Guangzhou and Shenzhen, Hong Kong was never a first choice for world-class technology companies and talent. However, the city is trying to change that by adopting a more proactive approach in recent years.
The current Hong Kong administration has made plans to actively promote such companies from its first day. It established Hong Kong Investment Corp. Ltd. in 2022 and launched its HK$30 billion ($3.85 billion) &ldquo;Co-investment Fund&rdquo; and integrated &ldquo;Hong Kong Growth Portfolio,&rdquo; as well as its &ldquo;Greater Bay Area Investment Fund&rdquo; and &ldquo;Strategic Tech Fund.&rdquo; Such funds will invest in enterprises or projects that can enhance Hong Kong&rsquo;s competitiveness and industrial diversification.
The Hong Kong government also established a New Industrialization Development Office in 2023 and set up a HK$10 billion New Industrialization Acceleration Scheme. It is currently preparing to set up a third InnoHK research cluster focused on innovation-driven R&amp;D. And Lee announced the establishment of a HK$10 billion &ldquo;Innovation and Technology Industry Oriented Fund&rdquo; in his latest policy address.
<h4>Star Companies Settle In Hong Kong</h4>
In November 2024, the Hong Kong government signed contracts with a third batch of 17 key enterprises that agreed to set up bases in the city, including intelligent speech technology company&nbsp;iFlytek&nbsp;(002230.SZ), life and health technology company&nbsp;Pharmaron&nbsp;(3759.HK; 300759.SZ), and advanced manufacturing company&nbsp;Pudu Robotics. So far, 62 key enterprises from three batches have signed contracts to set up operations in Hong Kong, which is expected to bring a total investment of about HK$42 billion and create more than 17,000 jobs.
Meanwhile, Hong Kong financial markets continue to play their role, attracting a growing number of &ldquo;companies with new productive forces.&rdquo; Many of those were on display at the recently held 11th edition of the &ldquo;Top 100 Hong Kong Listed Companies&rdquo; awards, which included companies with the greatest potential for developing &ldquo;new productive forces.&rdquo;
The event&rsquo;s main list of &ldquo;Top 100 Comprehensive Strength&rdquo; companies selects publicly traded firms with strength across five areas, including trading volume, total market value, profits, return on equity and total return rate. The average operating revenue of the listed companies on the list is HK$340 billion, the average net profit after tax is HK$40 billion, and the average ROE is 15.35%. Companies on the shortlist all showed strong profitability.
In addition to industry giants&nbsp;Tencent&nbsp;(0700.HK),&nbsp;Alibaba&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/baba#NYSE">BABA</a>), and&nbsp;Baidu&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bidu#NASDAQ">BIDU</a>), the list also includes electric automakers&nbsp;Li Auto&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/li#NASDAQ">LI</a>) and&nbsp;Xiaomi&nbsp;(1810.HK), biotech companies&nbsp;Akeso&nbsp;(9926.HK) and&nbsp;WuXi AppTec&nbsp;(2359.HK; 603259.SH), as well as other internet companies like&nbsp;Meituan&nbsp;(3690.HK) and&nbsp;Trip.com&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tcom#NASDAQ">TCOM</a>).
The list demonstrates how the Hong Kong Stock Exchange has helped to nurture some of China&rsquo;s most innovative technology companies, and Hong Kong financial markets will continue to provide access to capital for such innovative technology companies.
Hong Kong is embracing a new era of innovation led by technology industries and the development of the real economy, said Lillian Cheong Man Lei, the city&rsquo;s undersecretary for Innovation, Technology and Industry. The Hong Kong government has invested tens of billions of Hong Kong dollars on technology to support the industry&rsquo;s development and growth.
Hong Kong&rsquo;s growing ecosystem of local tech companies is attracting more companies and outstanding talent, both local and from abroad, to settle in the city. That will naturally attract more funds to Hong Kong to support the sector, making it more competitive internationally as a global hub with a high-quality industrial chain.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

Asia

TCOM

Hong Kong Builds 'Patient Capital' Ecosystem To Foster Technology

SunCar Technology Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDA#NASDAQ">SDA</a>) shares raced higher on Monday. The company announced a strategic partnership with Wuhan JIDU Automobile Service, a joint venture between Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) and Geely. Here&#8217;s<a href="https://www.benzinga.com/quote/SDA/news"> what you need to know.</a>
What To Know: SunCar has entered into a strategic partnership with Wuhan JIDU to provide a cutting-edge insurance technology platform to auto buyers and customers across China. SunCar Technology shares jumped on the news. 
The collaboration aims to launch a nationwide intelligent insurance platform in China designed to streamline and digitize auto insurance processes for Wuhan JIDU's customers. SunCar's platform offers features such as online quoting, electronic policy issuance, claims management and underwriting, all powered by AI and big data.
Wuhan JIDU focuses on intelligent electric vehicles and autonomous technology. Through this partnership, the company plans to enhance its customer offerings by integrating SunCar&#8217;s digital insurance solutions, which connect customers with leading insurance providers.
Ye Zaichang, Chairman and CEO of SunCar Technology, stated that this collaboration represents a step forward in creating a fully digital-first insurance ecosystem tailored to tech-savvy consumers.
&#8220;This collaboration not only enhances the value Wuhan JIDU delivers to its customers but also demonstrates the scalability and versatility of our Platform. We are committed to supporting Wuhan JIDU as it continues its rapid growth, offering seamless, intelligent services to auto buyers nationwide,&#8221; Ye said.
SDA Price Action: <a href="http://benzinga.com/quote/sda">SunCar Technology shares</a> closed Monday up 10.6% at $10.20, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://benzinga.slack.com/archives/D072651PB4K/p1727794380964569"><img loading="lazy" decoding="async" width="1024" height="529" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18155507/SDA-1024x529.png" alt="" class="wp-image-653754" style="width:506px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18155507/SDA-1024x529.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18155507/SDA-300x155.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18155507/SDA-768x396.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18155507/SDA.png 1170w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Image: Shutterstock/ solarseven.

Global

Market Index Target Term Securities Linked To The Dow Jones Industrial Average

SunCar Technology Shares Jumped 10% Monday: What Happened?

Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) plans to issue U.S. dollars and Chinese yuan bonds to raise capital. The company aims to repay existing debt and support an ongoing stock buyback initiative.
The decision to tap the bond market comes as the company seeks to leverage low global interest rates, providing an opportunity to replenish its capital base while enhancing shareholder value.
Also Read: <a target="_blank" href="https://www.benzinga.com/media/24/11/41984426/nvidia-powers-teslas-humanoid-robots-with-new-ai-tech-heres-what-to-expect-in-2025" rel="noreferrer noopener">Nvidia Powers Tesla&#8217;s Humanoid Robots With New AI Tech: Here&#8217;s What To Expect In 2025</a>
The exact principal amount, interest rates, and maturity terms for the bonds will be determined at the time of pricing, SCMP <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3287038/alibaba-sell-bonds-repay-debt-fund-stock-buy-back-amid-low-interest-rates" rel="noreferrer noopener">cites</a> a filing with the Hong Kong Stock Exchange.
The issuance will likely generate up to $5 billion, with Reuters indicating the dollar-denominated bonds will have maturities of 5.5, 10.5, and 30 years.
The yuan-denominated bonds will carry tenors of 3.5, 5, 10, and 20 years, showcasing a broad range of options for potential investors.
Market analysts suggest that declining interest rates in the Asia-Pacific region have made debt issuance an attractive option for companies like Alibaba. This enables them to execute share buybacks and invest strategically without incurring high financing costs.
Kenny Ng Lai-yin, a strategist at Everbright Securities International, told the SCMP that this environment offers a unique chance for firms to enhance capital returns through debt financing.
Last week, Alibaba reported <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/42006281/alibaba-q2-earnings-revenue-beats-forecast-cloud-and-international-sales-shine-free-cash-flow-falls-amid-strategic-investments" rel="noreferrer noopener">fiscal second-quarter 2024</a> revenue growth of 5% to $33.70 billion, beating the analyst consensus of $33.47 billion.
Taobao and Tmall Group revenue grew by 1% to $14.11 billion,
Alibaba International Digital Commerce Group&#8217;s revenue increased by 29% to $4.51 billion, and Local Services Group revenue grew by 14% to $2.53 billion.&nbsp;
Cainiao Smart Logistics Network Limited&#8217;s revenue increased 8% to $3.51 billion.&nbsp; Cloud Intelligence Group revenue grew by 7% to $4.22 billion.&nbsp;
As of September 30, Alibaba reported total outstanding liabilities of 202.2 billion yuan ($27.9 billion) in bank loans and bonds, marking an 18% increase since March.
The company raised $5.5 billion in May through a convertible bond issue. The current bond offering aligns with Alibaba&#8217;s aggressive stock repurchase program, initiated during the pandemic in 2020.
Yields on U.S. Treasuries are currently around 4.31% for five-year notes, 4.44% for ten-year notes, and 3.62% for thirty-year bonds. In contrast, Chinese government bonds offer significantly lower yields, with three-year and five-year bonds yielding 1.35% and 1.7%, respectively.
This disparity provides Alibaba with favorable conditions for its planned bond issuance, reducing the overall cost of borrowing.
The company&#8217;s strategic push to increase buybacks reflects a broader trend among top Chinese tech firms, driven by steep declines in stock valuations.
Alibaba&#8217;s shares have fallen approximately 70% from their peak in late 2020 despite continued growth in sales and profits due to economic weakness, domestic regulatory crackdown, and <a target="_blank" href="https://www.benzinga.com/24/11/41911946/whats-going-on-with-us-listed-chinese-stocks-like-alibaba-jd-nio-on-tuesday" rel="noreferrer noopener">disappointing fiscal stimulus</a>.
During the third quarter, Alibaba repurchased $4.1 billion worth of shares, reducing its outstanding share count by 2.1% from the end of June. The company&#8217;s CFO, Toby Xu Hong, emphasized the importance of these buybacks as a signal of confidence in Alibaba&#8217;s business outlook.
Michael Burry&#8217;s fund <a target="_blank" href="https://www.benzinga.com/news/global/24/11/42002224/big-short-investor-michael-burry-doubles-down-on-chinese-tech-stocks-while-adding-protective-hedges" rel="noreferrer noopener">increased its stakes in</a> Alibaba, JD.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), and Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), making Chinese tech its largest holdings.
Despite boosting exposure, Burry hedged risks by purchasing put options, signaling caution on potential market volatility.
Price Action:&nbsp;BABA stock is up 0.42% at $88.96 premarket at&nbsp;the last check on Monday.
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Image via Shutterstock

Offerings

Buybacks

Alibaba Eyes Raising $5 Billion Via Bond Sale to Fund Debt Payoff and Stock Buybacks

Apple slips as China data shows smartphone plunge in October: report

JPMorgan analyst Alex Yao downgraded Baidu (BIDU) to Neutral from Overweight. Published first on TheFly – the ultimate source for real-time, market...

Baidu downgraded to Neutral from Overweight at JPMorgan

As previously reported, JPMorgan downgraded Baidu (BIDU) to Neutral from Overweight with a price target of $87, down from $130, citing sharply decr...

Baidu downgraded to Neutral at JPMorgan on lower earnings visibility

J.P. Morgan cuts Baidu to 'neutral' on uncertain pace of earnings recovery

Citi lowered the firm's price target on Baidu (BIDU) to $141 from $142 and keeps a Buy rating on the shares post the Q3 report. The company's core ...

Baidu price target lowered to $141 from $142 at Citi

iQIYI: Deeply Undervalued Gem With A Perceived Tailwind In C-Drama

Baidu receives license to test autonomous vehicles in Hong Kong

China's Baidu (BIDU) has received a license to test autonomous vehicles with its Apollo Go robotaxi service in Hong Kong as it expands its footprin...

Baidu's Apollo autonomous vehicles granted license in Hong Kong, Reuters says

Australia to propose law similar to EU's DMA to fine Big Tech if they prevent competition - report

Tesla's Self-Driving Narrative Is Falling Apart

AAPL

AMZN

BAIDF

GOOG

GOOGL

MSFT

PINS

RDDT

SNAP

Small Cap

Opinion

Press Releases

Private Sector Pushes Forward Amid US-China AI Regulation Disputes

Baidu to Report Second Quarter 2024 Financial Results on Aug 22, 2024

Contracts

Baidu Selects Hesai as Exclusive Long-Range Lidar Provider for Next-Generation Robotaxis

Baidu Announces Second Quarter 2024 Results

Baidu Announces Management Rotation

Baidu to Report Third Quarter 2024 Financial Results on Nov 21, 2024

Baidu Unveils iRAG and No-Code Tool Miaoda to Drive AI Application Boom

SunCar Technology Group Inc. Joins the Prestigious NASDAQ Golden Dragon China Index

Baidu Announces Third Quarter 2024 Results

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