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.
Image source: Getty Images.
Source Fool.com
Baidu Inc. A ADR Aktie
99,70 €
5,29 %
Die Community liebt Baidu Inc. A ADR: Nur Buy-Einschätzungen, keine Sell-Einschätzungen.
Bei einem Kursziel von 125 € für Baidu Inc. A ADR deutet sich eine Steigerung von über 20% vom aktuellen Kurs von 99.7 € an.
