Baidu's has been trending on a long term uptrend with increasing trading volume. Last Friday, share price soared as users tested ChatGPT-like Ernie bot. Coupled with Indicators showing uptick momentum, the long term uptrend is still intact.
Net profit is expected to grow at a CAGR of 55% for the next 3 years with improved margin estimated to be above 16%.
Source: Rakuten Research - 20 Mar 2023
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