​​#stock #analytics #investmentidea Shares of Chinese compani | Warren Buffett SAYS

​​#stock #analytics #investmentidea
Shares of Chinese companies last month showed a significant drop due to a panic sell-off amid tightening requirements for Chinese companies by the regulator.

Company - Baidu, Inc. (#BIDU).
Target price from UBS - $340 (+105%)

BIDU is a Chinese company that provides web services, the main one being a search engine.

Why buy?

The most popular search service in China. The main focus of the company is a search service, which is an analogue of Google. In China, Baidu is the most common search site. Baidu Encyclopedia surpassed the Chinese wikipedia by the number of users, and the company's music service is used by more than 150 million people.

The company is actively engaged in developments in the field of artificial intelligence, including in the automotive industry.

Baidu has steadily demonstrated growth in key financial indicators. From 2017 to 2020, the average annual growth rate of revenue was about 9% and profit about 7%.