Rakuten Trade Research Reports

Foreign Equities (HK): BAIDU INC-CLASS A - BUY with 21% potential upside and strong technical indicators

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Publish date: Mon, 20 Mar 2023, 11:55 AM
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TECHNICAL ANALYSIS

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.

Fundamentals

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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