Baidu drops after earnings, first look The company beat consensus earnings by 2 cents, but the shares are trading lower initially in the extended session. At the current price of $104.25, next support is at $99.32, a recent pivot low. This could be a quick head-fake move. Resistance is at $107.20, and then at $110.04.
Baidu upgraded to Outperform from Perform at Oppenheimer Oppenheimer upgraded Baidu to Outperform with a $280 price target citing the recent pullback in shares and the company's increasing mobile market share.