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Where Will Baidu Stock Be in 1 Year?

TheMotleyFool

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Where Will Baidu Stock Be in 1 Year?: https://g.foolcdn.com/editorial/images/710534/woman-trading-screen-2.jpg

Baidu (NASDAQ: BIDU) posted its third-quarter earnings report on Nov. 22. The Chinese tech giant's revenue rose 2% year over year to 32.54 billion yuan ($4.57 billion), beating analysts' estimates by $100 million. Its adjusted net income increased 16% year over year to $5.89 billion, or $2.37 per American depositary share, and cleared the consensus forecast by $0.17.

Those headline numbers suggest Baidu's business is gradually stabilizing, but its stock has still dropped 36% over the past 12 months. Could this out-of-favor tech stock bounce back over the next 12 months?

Image source: Getty Images.

Source Fool.com

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