Baidu, Inc.$126.93(0.51%)

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dmoney Well-calibrated. Correct 80 % of the time. 4199.01 (edited)
$130 $220 forecast for 2020-12-31

Baidu is the dominant search engine provider in China (70% market share) and described as chinas Google. Baidu has had a good run lately with a 30% + gain over the past couple of months after falling more than 60% from the top. I believe that there still is significant upside, this is why:

Why it's down from the top: In 2019Q3 Baidu returned a loss for the first time since 2005, combined with no top line revenue growth. A slowing Chinese economy resulted in companies cutting their advertising spending, hurting Baidu’s main business which is advertising (73% of total revenue). Baidu has a 48% ownership of IQ (Chinas Netflix) which looses money like crazy, but at the same time had a 40% YoY growth 2019Q3, now with 100 million users. There certainly are risks that Baidu will keep pouring money into IQ without getting any return in the long run.

Why Baidu has a big upside: Baidu’s core business as a search engine ecosystem provider has massive moat and the Chinese internet user population and online ad spending is still expected growing about 15% a year. They are expected to have a 15% increase in total revenues for 2020. Invest heavily in research and development (Cloud computing, AI, autonomous driving). Super solid balance sheet, low debt and with a lagging P/E of about 8.

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insighter 0
$90 $130 forecast for 2020-02-29

The panic might last for a while!

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insighter 0
$110 $140 forecast for 2020-01-31

Full corona virus panic in China now. Baidu plummeting.

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dmoney Well-calibrated. Correct 80 % of the time. 4199.01
$120 $135 forecast for 2020-01-31

In light of the flu epidemic I don't expect any quick recovery for the Baidu stock and it might fall further. However this don't affect my long term positive view on the Baidu stock

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dmoney Well-calibrated. Correct 80 % of the time. 4199.01
$130 $150 forecast for 2020-01-31

I will have to adjust my near term target, after what seems like some profit taking and noise from Chinese flu panic (hopefully it will get under control soon)

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insighter 0
$130 $150 forecast for 2020-01-31

I think we will see a rebound today from the past few days fall. Strange how the Chinese flu virus has really hit the Chinese markets hard

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insighter 0
$140 $180 forecast for 2020-01-31

Really breaking out now!

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insighter 0
$150 $210 forecast for 2020-06-30

Solid company with diversified portfolio of high growth tech companies, definitely bull!

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yhoiseth Well-calibrated. Correct 76.92307692307692 % of the time. -415.47
$120 $150 forecast for 2020-01-31

What on earth happened in May 2010? 😮

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