Baidu Stock: Set To Rebound (NASDAQ:BIDU) – Seeking Alpha

Shares of Baidu, Inc. (NASDAQ:BIDU) dipped back to $111 lately, which I believe is an opportunity for investors to start a position in the Chinese technology company. Baidu posted strong results for its third-quarter and the expected reopening of the Chinese economy could be a powerful catalyst for Baidu’s revenue growth, especially in the advertising segment. I believe that the risk profile for Chinese technology companies is very attractive right now, and considering that Baidu trades at a forward P/E ratio of just 12 X, Baidu has continued recovery and revaluation potential in 2023!

Baidu’s business is showing signs of a recovery

Like most Chinese technology companies, Baidu has seen top line headwinds throughout FY 2022, in part because of COVID-19 related lockdowns and because of increasingly assertive regulators that are looking to reign in the excesses of the corporate sector. Additionally, a slowdown in the advertising market has hurt Baidu’s revenue prospects in FY 2022.

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source: https://news.oneseocompany.com/2022/12/27/baidu-stock-set-to-rebound-nasdaqbidu-seeking-alpha_2022122738358.html

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