Baidu Stock Surges Over 70% Since August, Bernstein Boosts Target Price
Baidu's stock has surged, with readers of the 'China-Knaller' report seeing gains of over 40 percent. The share price has risen around 70 percent since early August, reaching its highest level since 2023. Bernstein Research has increased its target price for Baidu, contributing to the upward trend.
Baidu's shares gained over five percent in Asian trading on Thursday, adding to the rally. The 'China-Knaller' report, which recommended Baidu, has seen its readers more than triple their money. If Baidu's share price hits $160, the recommended certificate will reach its target near me of €3.70. Bernstein Research increased its target price from $90 to $150, reflecting the bullish sentiment. The path seems clear for Baidu's share price to reach $160 by the end of the year. The recommended option certificate has seen a staggering 217 percent increase. Notably, for the first time since 2020, the average target price of analysts listed on Bloomberg is below Baidu's actual share price.
Baidu's stock has performed exceptionally well, with readers of the 'China-Knaller' report benefiting significantly. However, investors may want to consider taking profits, given the substantial gains already realized. As Baidu continues to gain momentum, more hot China recommendations are set to be available starting October 13 in the China Stock Report.
