2 Reasons Baidu Is the Stock to Watch Now
It has been a tough time for investors in (NASDAQ: BIDU). After shares of the Chinese search engine reached their peak of $340 in 2021, they have, gone nowhere but down. Worse, in the last 12 months, when most artificial intelligence (AI) stocks like Nvidia and Palantir have outperformed massively, Baidu's stock has gone down by 38%.
Baidu's poor stock performance has attracted bargain hunters (myself included) to the opportunity of getting a good bargain. Here's what I have found after digging into the company.
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Source Fool.com
Baidu Inc. A ADR Stock
€76.10
-1.420%
With 41 Buy predictions and not a single Sell prediction Baidu Inc. A ADR is an absolute favorite of our community.
With a target price of 158 € there is potential for a 107.62% increase which would mean more than doubling the current price of 76.1 € for Baidu Inc. A ADR.
