Morgan Stanley likes Baidu's long-term potential as the industry pioneer in AI initiatives and autonomous driving.
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BIDU had a bullish price action on its earning report; therefore, I'm now finding entries for an expected pull back in May.
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I'm now trading BIDU to the $175 zone.
According to TipRanks, the average price target is $191.09 with a high forecast of $234.00 and a low forecast of $160.00. The average price target represents a 43.19% change from the last price of $133.45.