Stock Insights on Baidu Inc (ADR)(NASDAQ:BIDU)

[Marketwired] Baidu Inc (ADR)(NASDAQ:BIDU), the world's leading Chinese search engine and developer of award-winning PC, Web and mobile products, announced that its popular PC optimization software Baidu PC Faster has surpassed 70 million downloads worldwide. The newly released version 5.0 of the software includes significant improvements to its cleaning and optimization features, as well as an enhanced Wi-Fi hotspot tool and a sleek new design.Stock PerformanceTaking a look at the company’s recent performance, Baidu Inc (ADR)(NASDAQ:BIDU) reported second quarter earnings for fiscal 2014 on July 24^th. The company reported actual earnings per share of $1.73 against the consensus Street estimate of $8.15. This represents year over year growth of 37%. Baidu posted revenue of $1.93 billion against estimates of $11.95 billion. Baidu is currently valued at $70.01 billion and closed the last trading session at $199.68. The stock has a 50-day moving average of $218.87 and a 200-day moving average of $183.99.

Is this a Buying Opportunity?There are currently Eighteen analysts that we track that cover the stock. Of those eighteen, all have a Buy rating. On a consensus basis this yields a score of 3.00 and a Buy. The combined price objective of these covering analysts is $234.77, which represents a 7.91% difference to the last closing price. The most recent analyst activity consisted of Morgan Stanley reiterating their Positive stance on the company. On the date of the report, the stock closed at $224.20.Another research firm weighing in recently was Zacks who upgraded their rating on the stock. On August 18^thZacks upgraded their price target on the stock $227.50, or a 3.9% upside to the current price. On the day of the report, BIDU shares closed at $219.24.Company ProfileBaidu Inc (ADR)(NASDAQ:BIDU) provides Internet search services. The company offers a Chinese language search platform on its Baidu.com Website that enables users to find relevant information online, including Web pages, news, images, documents, and multimedia files, through links provided on its Website; and various international products and services in local languages to users in other countries. It also provides search products and Web Directory; music products; social-networking products; UGC-based knowledge products; location-based products and services; entertainment products; security products; mobile related products and services; products and services for developers and Webmasters; Web, image, and video search services; other products and services provided by its associated or cooperative websites; and other products and services. In addition, the company offers online marketing services based on search queries, contextuals, audience attributes, display placements, and other forms; and branding display marketing services, and auction-based P4P services.