#4 - Baidu (NASDAQ:BIDU)
By now, you’ve noticed that tech is a theme of this presentation. And Baidu (NASDAQ:BIDU) certainly fits into that category. Now, unlike many of the stocks in this presentation, Baidu is down over 10% for the year. To understand why, you have to be familiar with the nature of Baidu’s business.
They are the premier online search engine in China, controlling nearly two-thirds of the online search market. But they don’t stop there. The company is also the country’s third-largest online ad platform.
They offer Chinese and Japanese language searches through its DuerOS virtual assistant, web-based marketing services, and have even expanded into the development of autonomous vehicles.
Plus the company is seeing growth in daily active users on its mobile app. And that means that the company’s search engine is expanding beyond PCs.
However, Baidu faces intense competition within its own country. Alibaba, Tencent, and Bilibili (NASDAQ:BILI) are all encroaching on its advertising revenue.
About Baidu
Baidu, Inc engages in the provision of internet search services in China. It operates through two segments: Baidu Core and iQIYI. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app.
Read More - Current Price
- $81.50
- Consensus Rating
- Hold
- Ratings Breakdown
- 6 Buy Ratings, 10 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $113.75 (39.6% Upside)
