Forecast Of The Day: Baidu Core Revenue
Baidu (NASDAQ:BIDU) Core Revenue – which includes revenues from ads and transaction services – rose from around $11.3 billion in 2019 to about $12 billion in 2020. Trefis expects the metric to rise to about $14 billion in 2021 and to about $14.7 billion in 2022.
We expect growth to be driven by growth in the Chinese e-commerce market and Baidu’s continuing dominance in the Chinese search engine market.
We think Baidu stock is meaningfully undervalued. We value BIDU at about $220 per share, 30% ahead of the current market price.
See Our Complete Analysis For Baidu Stock
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|S&P 500 Return||-1%||-6%||100%|
|Trefis MS Portfolio Return||2%||-8%||264%|
 Month-to-date and year-to-date as of 2/17/2022
 Cumulative total returns since the end of 2016