Home » Business » Among the shares to buy on Wall Street we point out Baidu undervalued by 100%

Among the shares to buy on Wall Street we point out Baidu undervalued by 100%

We are probably at the beginning of a new one bullish phase for international equity markets. Despite everything, and although many continue to believe that perhaps it is time to pull the oars in the boat, prices continue to rise. Accomplice of this movement, the continuous sector rotation and the risk premium still in favor of equities but above all an “economic growth” that continues to be sustained on the horizon. Furthermore, it must be said that central banks continue to push to keep the economic cycle, rates and inflation in the right balance.

Which sectors to intervene and focus on in the coming days? Our Research Department has just published the following recommendation:

among the shares to buy on Wall Street we point out Baidu undervalued by 100%.

The society (NASDAQ:BIDU) which capitalizes on Wall Street about 73.8 billion euros, provides internet search services mainly in China.

The stock closed the trading day of March 26 at a price of $ 208.61 per share, up 1.97% from the previous session. Since the beginning of the year, it has marked the minimum at 174.05 and the maximum at 354.82.

Summary budget analysis

Earnings are expected to grow 6.41% annually while they have grown 1028.2% over the past year.

The recommendations of the other analysts (37 reviews) estimate a fair value in the area of ​​$ 300 per share. Our calculations, on the other hand, lead to a target above 420 dollars.

What do the graphs say?

Among the shares to buy on Wall Street we point out Baidu undervalued by 100%

The stock, after hitting its annual high in February, began a vertical descent. Could a buy signal have formed in the last few trading days?

Many of our indicators lead us to believe that the retracement that was strong could be close to its conclusion but we must wait for confirmation signals in this sense.

The investment strategy

Start buying as soon as there is a daily close above 235.57 and continue buying when a weekly close above 265.57 occurs.

Investing in the stock seems like a good opportunity, but it is better to wait for confirmation from the prices as just indicated.

(We remind you to carefully read the warnings regarding this article, which can be consulted who”)

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