Can Baidu Stock Keep Going After Last Week's 14% Pop?

Can Baidu Stock Keep Going After Last Week's 14% Pop?

The days of sandbagging are over at Baidu (NASDAQ: BIDU), and the market's responding by sending shares of China's leading search engine up to fresh 52-week highs. Baidu stock climbed 13.9% last week, fueled by the posting of strong second-quarter results. A pair of analyst upgrades that followed the encouraging report obviously didn't hurt. 

Baidu's revenue climbed 14% to $3.08 billion in the second quarter, the dot-com darling's biggest uptick in a year. The bottom line is growing even faster, with adjusted earnings soaring 98% to hit $2.36 a share for the period. Baidu has managed to beat Wall Street's profit expectations by at least a double-digit percentage margin every single quarter over the past year.

Image source: Baidu.

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Source: Fool.com