BAIDU, INC.

BIDU
Delayed Quote. Delayed  - 06/18 04:00:01 pm
186.34USD +0.42%

Baidu, Inc. : A medium term support level to take advantage of

06/10/2021 | 02:53am
Nicolas Aleksy
Contributor / Partner

Strategy published on : 06/10/2021 | 02:53

long trade
Live

Entry price : 187.793$
Target : 218$
Stop-loss : 164$
Potential : 16.09%

The support at 179.3 USD, which is currently being tested, should allow Baidu, Inc. shares to move back to the upside.
Investors have an opportunity to buy the stock and target the $ 218.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● The company has solid fundamentals for a short-term investment strategy.


Strengths

● 

● The group's high margin levels account for strong profits.

● Thanks to a sound financial situation, the firm has significant leeway for investment.

● 

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● Sales forecast by analysts have been recently revised upwards.

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

● For the past twelve months, EPS forecast has been revised upwards.

● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.

● 

● The group usually releases upbeat results with huge surprise rates.


Weaknesses

● 

● 

● Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.

● 

© MarketScreener.com 2021
Copier lien
All news about BAIDU, INC.
3d ago
3d ago
3d ago
3d ago
3d ago