What Happened to Baidu (BIDU) Stock This Year?
Baidu (NASDAQ: BIDU), the largest online search engine provider in China, was once considered a great growth stock. It went public in 2005, and its annual revenue grew at a CAGR of 45% from 319 million yuan in 2005 to 124.5 billion yuan ($19.5 billion) in 2021.
The Chinese tech giant experienced a major growth spurt after cybersecurity and censorship issues drove 's Google to shutter its search engine in mainland China in 2010. Its stock closed at a record high of $339.91 on Feb. 19, 2021, which represented a 12,489% gain from its split-adjusted IPO price of $2.70 per share.
Image source: Getty Images.
Source Fool.com
Alphabet Inc. A Stock
€290.30
1.880%
The stock is one of the favorites of our community with 142 Buy predictions and 3 Sell predictions.
As a result the target price of 313 € shows a slightly positive potential of 7.82% compared to the current price of 290.3 € for Alphabet Inc. A.
