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 Aktie
94,30 €
2,83 %
Die Aktie ist derzeit ein absoluter Favorit unserer Community mit 34 Buy-Einschätzungen und keiner einzigen Sell-Einschätzung.
Ein prognostiziertes Kursziel von 125 € für Baidu Inc. A ADR zeigt ein Potenzial von über 20% im Vergleich zum aktuellen Kurs von 94.3 €.
