Skip to content
Economy Watch: Market Movers Today — Investing Made Easy with Economy Watcher — Understand the Economy's Pulse — Understanding the Economy

Baidu Stock Surges Over 70% in Months, Targets $280 by 2027

Baidu's stock price has skyrocketed this year. Analysts predict it could reach $280 by 2027, making it a promising investment despite geopolitical risks.

,   and  Administrator
1 min read
In this picture we can see a market, in which we can see some stoles and we can see few people are...
In this picture we can see a market, in which we can see some stoles and we can see few people are around.

Baidu Stock Surges Over 70% in Months, Targets $280 by 2027

Baidu's stock has surged, with readers of the 'China-Knaller' report seeing gains of over 40 percent. The average target price from analysts has fallen below the actual share price for the first time since 2020.

Baidu's stock price has risen by around 70 percent since early August, reaching its highest level since September 2023. Several analysis firms project further growth, with targets reaching as high as $280 by January 2027. Bernstein has raised its target price from $90 to $150. If Baidu's stock reaches $160, an option certificate with WKN MG805G will reach its target near me of 3.70 euros, reflecting a gain of 217 percent. Baidu's shares gained over five percent in Asian trading on Thursday, suggesting a potential reach of the $160 mark by the end of the year.

Analysts typically act pro-cyclically, with 63 percent now recommending a 'buy' for Baidu's stock. This bullish sentiment is supported by Baidu's AI chip and cloud strengths, but geopolitical and economic risks are also acknowledged.

Baidu's stock has experienced significant growth, with analysts projecting further increases. If Baidu surpasses the key resistance around $160, targets above $200 could be activated. Despite potential risks, Baidu's stock remains a promising investment opportunity.

Read also:

Related

Latest