Baidu's Return to Growth Continues
Chinese search giant Baidu, Inc. (NASDAQ: BIDU) finally seems to be back on the path to growth. The company had struggled with lower revenue and sweeping regulatory changes, as well as several public-relations fiascos, for several years.
In light of its unexpectedly good performance last quarter, investors were looking for more of the same. By all accounts, Baidu delivered, exceeding its own forecasts as well as analysts' expectations, but the stock fell 10% after hours following the company's financial release. Let's look at the numbers and see what has the market concerned.
Baidu continues to produce impressive growth. Image source: Baidu.
Source: Fool.com
Baidu Inc. A ADR Stock
€99.10
5.530%
The stock is an absolute favorite of our community with 35 Buy predictions and no Sell predictions.
As a result the target price of 168 € shows a very positive potential of 69.53% compared to the current price of 99.1 € for Baidu Inc. A ADR.
