Stock Forecast Based On a Predictive Algorithm | I Know First |bidu stock forecast Archives - Stock Forecast Based On a Predictive Algorithm

BIDU Stock Forecast: Dominant Chinese Search Engine Stock is on the Rise

This Baidu article was written by Erica McGillicuddy, Analyst at I Know First.

I am reiterating a buy for BIDU
Baidu is increasing investments in cloud computing, artificial intelligence, and data centres
Apollo (Baidu’s self-driving car) is seeing promising progress
Baidu still makes up majority of the market share of Chinese search engines at 66.15%, and search engine users were still increasing as of March 2020
Baidu will benefit from the potential acquisition of iQiyi by Tencent Holdings and from China beginning to reopen

The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Yes, Baidu’s stock is essentially dead money because of its 5-year total return of -49.30%. Baidu’s value will likely continue to diminish because of the new U.S. Senate bill.
This handicap is ignored by the predictive AI of I Know First. BIDU still got a super bullish one-year forecast from I Know First. It must be due to BIDU’s strong earning power.
The U.S. Senate bill requires US-listed Chinese stocks to be compliant with the standards of the Public Company Accounting Oversight Board.
Chinese companies also need to declare they are not state-owned or controlled. Baidu can easily comply these two new requirements.
I am in favor of Baidu’s rumored plan to delist from NASDAQ and transfer to Hong Kong. This could take time but it might boost the valuation of Baidu.

Subscribe to receive exclusive PREMIUM content Here

The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

I am highly confident that Baidu’s stock can bounce back to above $110 within the next 90 days.
Baidu’s Moral Committee has accused its former Vice-President of Finance Wei Fang of corrupt practices. Wei Fang is now in police custody.
The prompt arrest and incarceration of a thieving employee will eventually lead to a return of investors’ confidence on BIDU
As China’s biggest search engine, Baidu obviously benefits from the COVID-19 pandemic.
Think asymmetrically! You will agree with my verdict that BIDU is a bargain stock that we should all buy.This company has a pseudo-monopoly on China’s search ads business.