Where Will Baidu Stock Be in 1 Year?
(NASDAQ: BIDU) posted its third-quarter earnings report on Nov. 21. The Chinese tech giant's revenue rose 6% year over year to 34.45 billion yuan ($4.72 billion) and cleared analysts' expectations by 240 million yuan. Its adjusted net income grew 23% to 7.27 billion yuan ($996 million), which also exceeded analysts' expectations by 990 million yuan, while its adjusted earnings per ADS rose 21% to $2.80.
Baidu's headline numbers seemed healthy, but does its stock still have room to run after rallying about 20% over the past 12 months? Let's review its growth rates, near-term challenges, and valuations to see where its stock might end up in a year.
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Source Fool.com
Baidu Inc. A ADR Stock
€105.00
0.770%
With 34 Buy predictions and not a single Sell prediction Baidu Inc. A ADR is an absolute favorite of our community.
With a target price of 168 € there is a hugely positive potential of 60.0% for Baidu Inc. A ADR compared to the current price of 105.0 €.
