Why Baidu Stock Gained 10% Today
Shares of Chinese search provider Baidu (NASDAQ: BIDU) surged on Friday following the company's second-quarter report. Baidu reported double-digit revenue growth and beat analyst expectations for earnings, prompting an analyst upgrade and a 9.5% jump in the stock price.
Baidu reported second-quarter revenue of $3.08 billion, up 14.3% year over year. Online marketing revenue accounted for the bulk of total revenue, coming in at $2.64 billion and growing by 5.6% year over year. Other services accounted for the rest of the company's revenue, growing by 125% year over year.
Image source: Getty Images.
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 €.
