3 Reasons Baidu Stock Can Bounce Back in 2024
The trend is not the friend for (NASDAQ: BIDU) shareholders. China's iconic search engine finds its stock trading 20% lower in the otherwise buoyant 2024, off a blistering 33% over the past year. Many Chinese investments have fallen out of favor lately, but most of them are faring better than the country's original dot-com darling.
Baidu is down, but it doesn't mean it's out. Let's go over three reasons why the stock that is now 73% below its early 2021 all-time high could be ready to bounce back this year.
It's hard to sing Baidu's praises as a growth stock when it's a currently a shell of what it used to be. It has posted single-digit or negative revenue growth in four of the last five years. Its trailing revenue is just 24% higher than it was in 2018.
Source Fool.com
Baidu Inc. A ADR Aktie
Uneingeschränkte Unterstützung für Baidu Inc. A ADR, ausschließlich Buy-Einschätzungen.
Bei einem Kursziel von 134 € ergibt sich ein stark positives Potenzial von 74.93% für Baidu Inc. A ADR im Vergleich zum aktuellen Kurs von 76.6 €.
