
Baidu (BIDU) Stock Forecast & Price Target
Baidu (BIDU) Analyst Ratings
Bulls say
Baidu's core revenue demonstrated a modest year-over-year growth of 1% in 2023, driven primarily by its dominant position in the Chinese search engine market, commanding over 50% market share. The company's artificial intelligence cloud segment experienced a remarkable acceleration, with fourth-quarter revenue growing 26% year-over-year, and an updated forecast projects 20% growth for FY25, underscoring strong demand fueled by AI-driven innovations. Furthermore, Baidu's commitment to achieving 100% driverless coverage and enhancing its buyback program for FY25 indicates a strategic focus on expanding its technological capabilities while simultaneously improving shareholder value.
Bears say
Baidu's stock outlook is negatively impacted by a decline in high-margin ad revenue, which has contributed to a decrease in the company's operating profit margin forecast from 21% to 17%. The company's core advertising business has experienced a year-over-year decline of 6.7% in the fourth quarter, reflecting market share losses and challenges in monetizing technological innovations such as autonomous driving and AI applications. Additionally, broader macroeconomic and geopolitical issues in China further exacerbate the detrimental conditions affecting Baidu's financial performance and prospects.
This aggregate rating is based on analysts' research of Baidu and is not a guaranteed prediction by Public.com or investment advice.
Baidu (BIDU) Analyst Forecast & Price Prediction
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