What’s Going On With Baidu Stock Wednesday?

by | Feb 4, 2026 | General

Baidu Inc. (NASDAQ:BIDU) stock fell in premarket trading on Wednesday, following a 2.50% decline during Tuesday’s regular session.

Hong Kong Market Confirms Tech Sector Pressure

Tech stocks and the Hang Seng Index dropped amid concerns over potential tax changes, as reported by the South China Morning Post. Baidu saw a decline in Hong Kong trading, with Tencent Holdings Ltd (OTC:TCEHY) and Alibaba Group Holding Ltd (NYSE:BABA) also losing ground.

The broader tech sector was hit hard, with the Hang Seng Tech Index falling significantly, partly driven by speculation over possible value-added tax adjustments targeting internet-related sectors. This downturn followed Wall Street’s overnight selloff.

AI Red Packet Competition Heats Up

Baidu faces mounting competitive pressure as Alibaba announced a 3 billion yuan ($432 million) AI promotion campaign for its Qwen app during the Lunar New Year period, according to Benzinga. The campaign, launching Feb. 6, dwarfs Baidu’s planned 500 million yuan spending on similar holiday incentives for its consumer AI apps.

Autonomous Vehicle Partnership With Uber

Baidu-backed Apollo Go recently partnered with Uber Technologies Inc. (NYSE:UBER) to offer robotaxis in London, Benzinga reported. Apollo Go reached 250,000 paid robotaxi rides per week prior to the announcement.

BIDU Earnings Forecast and Analyst Ratings

Investors are looking ahead to the next earnings report on Feb. 26.

  • EPS Estimate: $1.12 (Down from $2.63 YoY)
  • Revenue Estimate: $4.68 billion (Up from $4.67 billion YoY)
  • Valuation: P/E of 12.9x (Indicates value opportunity)

Analyst Consensus & Recent Actions:

The stock carries a Buy Rating with an average price target of $146.11. Recent analyst moves include:

  • Barclays: Equal-Weight (Raises Target to $147.00) (Jan. 26)
  • Freedom Capital Markets: Buy (Raises Target to $160.00) (Jan. 7)
  • Jefferies: Buy (Raises Target to $181.00) (Jan. 2)

BIDU’s Premarket Price Movement

Baidu shares were down 3.42% at $139.90 during premarket trading on Wednesday, according to Benzinga Pro data.

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