Bullish on Baidu Inc.? You'll Love These Stocks
Shares of Baidu (NASDAQ: BIDU) recently rose to a two-year high after the company posted impressive second quarter earnings. The Chinese search giant's revenue surged 14% annually to $3.08 billion, its adjusted EBITDA climbed 41% to $886 million, and its earnings soared 69% to $1.67 per ADS, crushing expectations by $0.16.
That growth was fueled by a recovery in its advertising business, which was previously throttled by a government crackdown on misleading ads, and investments in its O2O (online-to-offline) ecosystem finally paying off. Revenue from its "other services" category, which includes those O2O services, soared 126% and accounted for 14% of its top line.
Baidu's mobile app. Source: iTunes.
Source: Fool.com
Baidu Inc. A ADR Stock
€82.00
0.860%
The stock is an absolute favorite of our community with 36 Buy predictions and no Sell predictions.
As a result the target price of 160 € shows a very positive potential of 95.12% compared to the current price of 82.0 € for Baidu Inc. A ADR.
