There’s growing speculation around the fate of China-based stocks, especially following President Donald Trump’s sweeping tariff announcement. One name worth watching is internet search platform Baidu Inc (BIDU), which was last seen 1.8% lower at $89.63, pacing for its fourth loss in five sessions. The equity is extending its year-over-year deficit, but with a 7% lead in 2025, the latest pullback may offer a solid buying opportunity, especially as BIDU approaches a historically supportive trendline.
Specifically, Baidu stock is now trading within one standard deviation of its 80-day moving average. According to Schaeffer’s Senior Quantitative Analyst Rocky White, the equity has seen three similar pullbacks to this trendline over the past three years, defined by White as 80% of the time in the last two months and eight of the last 10 trading days. BIDU was higher one month later each time, averaging a 4.3% gain. A similar rebound from current levels would place Baidu stock just above the $94 mark. This would also keep the shares within a channel of higher highs carved out since the start of 2025. Per the chart below, this bottom rung has been tested today but appears to have held up.
While most analysts are already bullish, there’s still room for upgrades. Of the 18 brokerages in coverage, eight still rate Baidu a tepid “hold.” An analyst that decides to go long on China-based stocks could come forward with upgrades, which could provide a boost on the charts.