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Baidu's Q2 results exceeded expectations, with 8% QoQ revenue growth and strong free cash flow, despite headwinds in digital advertising. Baidu remains deeply profitable with a 19% free cash flow margin, making it an attractive investment in a challenging Chinese economy. Baidu's shares are undervalued at a P/E ratio of 7.4X, presenting significant revaluation potential.
Recently, Zacks.com users have been paying close attention to Baidu Inc. (BIDU). This makes it worthwhile to examine what the stock has in store.
Hang Seng and Nikkei slide amid global market jitters over NVIDIA earnings. US consumer confidence temper rate cut bets.
Baidu and Waymo might have the early lead in the robotaxi race, but Tesla's ability to scale quickly will set it apart, according to an ARK Invest analyst.
Goldman Sachs analyst Lincoln Kong maintained a Buy rating on Baidu, Inc BIDU with a price target of $129.
Figures Baidu reported Thursday showed the number of robotaxi rides operated publicly grew by 26% year-on-year in the first half of the year, according to CNBC calculations. That's down sharply from year-on-year growth of 184% in the first half of 2023.
The Chinese tech sector mainstay stagnated on the top line in its latest quarter. Analysts were collectively anticipating higher revenue but a lower adjusted net income figure.
Baidu (NASDAQ: BIDU) stock ended the day down 4.4% after releasing earnings and missing on revenue targets for the quarter but beating analyst estimates on earnings per share (EPS).
Baidu, China's leading search engine and a pioneer in artificial intelligence (AI), reported a 0.4% decline in revenue for Q2 2024, totaling 33.93 billion yuan ($4.67 billion). While this figure slightly surpassed analysts' expectations of 33.
Chinese internet giant Baidu posted flat second-quarter revenue on Thursday, as an uncertain economic outlook in the country weighs on household consumption.