Baidu's Return to Growth Continues
Chinese search giant Baidu, Inc. (NASDAQ: BIDU) finally seems to be back on the path to growth. The company had struggled with lower revenue and sweeping regulatory changes, as well as several public-relations fiascos, for several years.
In light of its unexpectedly good performance last quarter, investors were looking for more of the same. By all accounts, Baidu delivered, exceeding its own forecasts as well as analysts' expectations, but the stock fell 10% after hours following the company's financial release. Let's look at the numbers and see what has the market concerned.
Baidu continues to produce impressive growth. Image source: Baidu.
Source: Fool.com
Baidu Inc. A ADR Stock
€78.70
0.130%
The stock is one of the favorites of our community with 38 Buy predictions and 1 Sell predictions.
Based on the current price of 78.7 € the target price of 159 € shows a potential of 102.03% for Baidu Inc. A ADR which would more than double the current price.
