Is Baidu Stock a Buy Now?
(NASDAQ: BIDU) posted its second-quarter report on Aug. 22. The Chinese tech giant's revenue rose 15% year over year to 34.1 billion yuan ($4.7 billion), which beat analysts' estimates by $130 million. Its adjusted net income grew 44% to 8.0 billion yuan ($1.1 billion), or $3.11 per American Depositary Shares (ADS), and also cleared the consensus forecast by $0.78.
Baidu's headline numbers were impressive, but its stock rose less than 3% after the report and remains down about 2% over the past 12 months. Should investors scoop up some shares of this growing company as the bulls look the other way?
Image source: Getty Images.
Source Fool.com
Baidu Inc. A ADR Aktie
94,90 €
0,11 %
Klares Buy-Übergewicht bei der Baidu Inc. A ADR Aktie mit 33 zu 4 Einschätzungen.
Mit einem Kursziel von 138 € für Baidu Inc. A ADR könnte der aktuelle Kurs von 94.9 € um mehr als 20% steigen.
