Where Will Baidu Stock Be in 1 Year?
(NASDAQ: BIDU) posted its third-quarter earnings report on Nov. 21. The Chinese tech giant's revenue rose 6% year over year to 34.45 billion yuan ($4.72 billion) and cleared analysts' expectations by 240 million yuan. Its adjusted net income grew 23% to 7.27 billion yuan ($996 million), which also exceeded analysts' expectations by 990 million yuan, while its adjusted earnings per ADS rose 21% to $2.80.
Baidu's headline numbers seemed healthy, but does its stock still have room to run after rallying about 20% over the past 12 months? Let's review its growth rates, near-term challenges, and valuations to see where its stock might end up in a year.
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Source Fool.com
Baidu Inc. A ADR Stock
€76.40
-0.260%
The stock is an absolute favorite of our community with 35 Buy predictions and no Sell predictions.
As a result the target price of 130 € shows a very positive potential of 70.16% compared to the current price of 76.4 € for Baidu Inc. A ADR.
