Forecast Of The Day: Baidu Core Revenue

+24.96%
Upside
95.06
Market
119
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?

Relevant Articles
  1. Baidu Stock Looks Attractive Despite Recent Rally
  2. Why Baidu Stock Looks Undervalued At $123
  3. Is Baidu Stock Still A Buy Following Recent Rally?
  4. The Baidu Stock Rally Looks Set To Continue
  5. What’s Next For Baidu After Q3 Earnings Beat?
  6. What’s Happening With Baidu Stock?

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

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.

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

Invest with Trefis Market Beating Portfolios
See all Trefis Price Estimates