4 Reasons to Buy Baidu Stock Like There's No Tomorrow
There's not a lot of love for (NASDAQ: BIDU) these days. Shares of the Chinese search engine leader have plummeted more than 70% since peaking three years ago. It's clearly out of favor, but that doesn't mean there isn't still a lot to like here.
Baidu deserves better than this time capsule of greatness during the dot-com revolution in China. The stock could be a big winner from here. Let's go over four reasons why now could be a great time to pick up this former growth stock darling.
I'll start with the value investor argument because that is the box that Baidu is checking best these days. With valuations of online leaders skyrocketing for U.S. stocks, you may be surprised at how cheap China's search pioneer is for the most popular valuation metrics.
Source Fool.com
Baidu Inc. A ADR Stock
The stock is an absolute favorite of our community with 38 Buy predictions and no Sell predictions.
As a result the target price of 134 € shows a very positive potential of 74.93% compared to the current price of 76.6 € for Baidu Inc. A ADR.
