🔴 Baidu is trading 3.3% down today after Barclays raises price target implying downside

BIDU is trading at -3.3% now at $156.18 following analyst updates where Barclays raised its price target to $147 but maintained an Equal Weight rating, suggesting modest downside.

• The $147 target is a significant increase from the previous $100 target, but still implies ~10% downside from current levels after the stock's recent 82% rally.
• The stock is diverging from the broader market (S&P +0.55%) on apparent profit-taking.
• This cautious stance contrasts sharply with more bullish calls, such as Nomura's $196 target.