Forecast Of The Day: Baidu Core Revenue

+54.53%
Upside
119
Market
184
Trefis
BIDU: Baidu logo
BIDU
Baidu

What?

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.

Why?

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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.

So What?

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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Returns Feb 2022
MTD [1]
2022
YTD [1]
2017-22
Total [2]
 BIDU Return 5% 12% 2%
 S&P 500 Return -1% -6% 100%
 Trefis MS Portfolio Return 2% -8% 264%

[1] Month-to-date and year-to-date as of 2/17/2022
[2] Cumulative total returns since the end of 2016

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