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Why Baidu Stock Zoomed 11% Higher Today
The Motley Foolยท 2025-09-17 23:34
Two analysts in two days became notably more bullish on its future.Chinese internet search king Baidu (BIDU 11.25%) 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%. Bet on Baidu, says analystWell before market open, Jeff ...