Baidu traded at $80.14 this Friday October 16th, decreasing $2.42 or 2.93 percent since the previous trading session. Looking back, over the last four weeks, Baidu lost 12.80 percent. Over the last 12 months, its price fell by 33.18 percent. Looking ahead, we forecast Baidu to be priced at 81.71 by the end of this quarter and at 75.92 in one year, according to Trading Economics global macro models projections and analysts expectations.
Baidu Inc is a Chinese language Internet search provider. The Company offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. The Company operates through two segments, Baidu Core segment and iQIYI segment. Baidu Core mainly provides search-based, feed-based, and other online marketing services, as well as products and services from the Company’s new artificial intelligence (AI) initiatives. Within Baidu Core, the Company’s product and services offerings are categorized as Mobile Ecosystem, Baidu AI Cloud and Intelligent Driving & Other Growth Initiatives. iQIYI is an online entertainment service provider that offers original, professionally produced and partner-generated content on its platform.