Baidu stock: buy or sell

BIDU stock price: $214.64 3.20% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

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Baidu stock brief

  • Baidu closed on Wednesday at $214.64 after skyrocketing a 3.20%.
  • China Renaissance Securities published a strong buy rating for Baidu on Wednesday, with a forecast of $300.00
  • Baidu, Inc. provides internet search services primarily in China.

Should I buy Baidu stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $BIDU stock a buy?

In the current situation of Baidu there is not any eligible buy setup. This doesn't mean $BIDU will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Baidu stock?

"To sell or not to sell", if you are holding Baidu shares?. Like when we have to buy shares, deciding when is appropiate to sell is not a capricious decision, and we must follow our own trading strategy. Our trading system selects very simple strategies to guide us on when is a good moment to sell our shares. Be aware that these strategies should not be used for selling short $BIDU stock

As a golden rule, you should not mantain an operation that yields greater losses than those expected upon the buy. When to sell your stock should always be determined by the stop-loss (automatic or manual)

Is it time to sell Baidu stock?

In the current situation of Baidu there is not any eligible sell setup, so Baidu stock holders with operations in green can keep their positions

Baidu ratings

In the last month, 5 ratings were published for Baidu. General sentiment is bullish, with 4 out of 5 posting positive outlooks

Baidu analysts' ratings - Last 30 days
Brokerage firmRating
Mar 23rd, 2021
The Goldman Sachs Group Neutral
Mar 29th, 2021
Loop Capital NeutralStrong buy
Apr 13th, 2021
OTR Global Buy
Apr 15th, 2021
China Renaissance Securities Strong buy
Apr 21st, 2021
China Renaissance Securities Strong buy

Baidu stock analysis

SMAs overview

BIDU stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $217.50 (1.33% above)
  • R2: $217.85 (1.50% above)
  • R3: $217.97 (1.55% above)
  • The current supports are:

  • S1: $214.22 (-0.20% below)
  • S2: $214.00 (-0.30% below)
  • S3: $213.56 (-0.50% below)
  • Bollinger bands

    BIDU stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 last February after just crossing to the overbough zone for a single day (weak signal). The RSI value on Wednesday was 42.13. Since then, Baidu stock sank a 36.08%

    BIDU stock RSI chart

    Baidu stock price history

    Baidu went public priced at an adjusted price1 of $6.60 on Aug 2005. Since then, BIDU stock has risen by 3,152.12%, with an average of 210.14% per year. If you had invested $1,000USD in Baidu stock on Aug 2005, it would worth $32,521.21 today.

    1: Adjusted price after possible price splits or reverse-splits

    BIDU stock price history chart

    Price target for Baidu stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are published every day by banks, financial institutions and independent analysts.

    Along with buy or sell recommendations, brokerage institutions release their price estimates based on the stock price action and the company fundamental data. Most of these predictions follow the publication of new fundamental data by the company, and many times. If you are a small investor you should not trade based on these projections.

    Averaging all price targets exposed below, the estimated price for Baidu stock is $328.33. Baidu closed at $214.64 on Wednesday, that is a 34.63% than the target price.

    Baidu stock price predictions
    Brokerage firmPrice target
    Mar 23rd, 2021
    The Goldman Sachs Group $383.00$385.00
    Mar 29th, 2021
    Loop Capital Not available
    Apr 13th, 2021
    OTR Global Not available
    Apr 15th, 2021
    China Renaissance Securities $325.00$300.00
    Apr 21st, 2021
    China Renaissance Securities $325.00$300.00

    Earnings and financials

    Baidu, Inc. ($BIDU) posted quarterly earnings of $3.08 per share last February, highly improving the Market consensus estimate of $2.61 per share. This Q4 report means an earnings surprise of 18.01%. On the contrary, the company said turnover was $4.6 billion aligned with analysts' estimates.

    In contrast, the EPS for the same quarter last year was $26.54, so current EPS is a drop of -88.39%. Revenue slightly moved on an annualized basis in the , from $288.8B to $302.6B last quarter.

    Baidu ($BIDU) presents Q1 earnings report mid next May. Analysts estimate of $1.66, that is a 46.10% less than previous quarter.

    Baidu performance

    BIDU performance compared
    Company1m3m6m
    Baidu ($BIDU) -16.90% -18.50% 65.10%

    Important:
    The comments contained in this post are personal and not recommendations for you to buy or sell shares. The author of this document does not have any knowledge of the particular conditions of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are expressed for informational reasons only

    Baidu summary

    Wednesday, April 21st, 2021
    Open$206.4
    Close$214.64
    Day range$205.51 - $214.65
    Previous close$207.99
    Session gain3.20%
    Average true range$9.14
    50d mov avg$259.16
    100d mov avg$232.45
    200d mov avg$179.95
    Earnings dateMay 17th, 2021

    Frequently asked questions

    What is Baidu stock symbol?

    Baidu, Inc. is a public company trading in the US stock market with the BIDU symbol

    Is Baidu stock a buy or sell?

    Baidu received 5 ratings in the last 30 days: 4 bullish, 0 bearish and 1 neutral.

    Will BIDU go up?

    Baidu had different price predictions issued by market analysts in the last month setting the target price to $328.33. That is a 52.97% than the current price ($214.64).