Baidu Stock Soars: 'China-Knaller' Readers Triple Money
Baidu's stock has surged, benefiting readers of the 'China-Knaller' stock report who have more than tripled their money with the option certificate. The share price gained over five percent on Thursday, reaching its highest level since September 2023.
Baidu's impressive run began in early August, with a 70 percent increase since then. Bernstein Research played a significant role, raising its target price from 90 dollars to 150 dollars. This contributed to the steep upward movement and led to a 217 percent increase in the recommended option certificate.
Analysts are expected to raise their targets further, potentially leading to more upside. The average of all target prices set by experts listed on Bloomberg is now below the actual share price for the first time since 2020. From a technical chart perspective, the path seems clear for Baidu's stock to reach the 160 dollar mark by the end of the year.
Investors should consider taking profits if Baidu's stock reaches its target price of 3.70 euros by the end of the year. If the stock reaches 160 dollars, the certificate with the WKN MG805G will reach its issued target price, leaving potential for around 30 percent.
