Stock Forecast: Baidu (NASDAQ: BIDU) Is Still A Good Buy For Long-Term Growth Investors
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. 
[Source: eTrans Systems, May 9th, 2018]
Stock Forecast: Baidu Is Still A Good Buy For Long-Term Growth Investors:
Summary:
- It’s been 10 months since my last buy endorsement for BIDU. The stock has since shot up by more than 40%
- I am still reiterating a buy for Baidu. This Google of China has more upside potential.
- It is true that Baidu’s market share in China’s online ads is declining. However, China online advertising industry is still growing a more than 20% CAGR.
- For this year, China’s online ads will generate estimated revenue of 497.1 billion yuan or $77.6 billion. This estimate is expected to grow to $120 billion $by 2020.
- Baidu still touts 77.5% market share in China’s search engine market. Baidu is in great position to benefit so much from China’s search engine ads.
