Bullish on Baidu Inc.? You'll Love These Stocks
Shares of Baidu (NASDAQ: BIDU) recently rose to a two-year high after the company posted impressive second quarter earnings. The Chinese search giant's revenue surged 14% annually to $3.08 billion, its adjusted EBITDA climbed 41% to $886 million, and its earnings soared 69% to $1.67 per ADS, crushing expectations by $0.16.
That growth was fueled by a recovery in its advertising business, which was previously throttled by a government crackdown on misleading ads, and investments in its O2O (online-to-offline) ecosystem finally paying off. Revenue from its "other services" category, which includes those O2O services, soared 126% and accounted for 14% of its top line.
Baidu's mobile app. Source: iTunes.
Source: Fool.com
Baidu Inc. A ADR Stock
€103.60
1.570%
With 35 Buy predictions and not a single Sell prediction Baidu Inc. A ADR is an absolute favorite of our community.
With a target price of 167 € there is a hugely positive potential of 61.2% for Baidu Inc. A ADR compared to the current price of 103.6 €.
