On January 29 th, recently, foreign media News Heater published an article "Looking at Baidu’s Growth Curve". According to the article, Baidu’s share price has been rising all the way recently, reaching a peak of around $265, and will continue to grow in the future. Now is still the right time to invest in Baidu. Institutional analysts are optimistic about Baidu’s development prospects. Among the 39 analysts, 28 give a "buy" rating, 3 give an "overweight", 7 give a "hold", and no analysts "sell". In addition, a number of investment institutions have recently released research reports on Baidu, raising their target prices one after another, showing their confidence in Baidu’s prospects. Among them, UBS adjusted the target price of Baidu from the previous $190 to $315; Credit Suisse adjusted the target price from $275 to $300, which is the second time that Credit Suisse raised the target price of the stock this month.

　　The article points out that at present, Baidu’s P/E ratio is higher than the average, which is 24.14 times. Judging from the market performance, Baidu’s share price is on the rise. This week, it rose by 6.7%, with a monthly increase of 33.26%, with quarterly and annual increases of 91.83% and 96.05% respectively.

　　Credit Suisse analysts believe that from the perspective of advertising business, Baidu’s online advertising business is continuing to recover, optimistic about the future development potential of Baidu’s advertising business, so the price-earnings ratio in 2021 will be increased from 12 times to 15 times, giving a valuation of Baidu’s core of 187 US dollars per share. In 2021, Baidu’s core business is expected to achieve a year-on-year growth of 13.6%.

　　In addition, Apollo has become the focus of domestic and foreign institutions to pay attention to Baidu. Analysts at UBS said that if Baidu can mass-produce electric vehicles with a higher level, its value will be several times that of Weilai Automobile, LI and Xpeng Motors. The analyst also believes that according to Apollo’s many partners and the current opening of resources, it is very likely that the business will be divested or listed separately in the future, and Baidu’s share price will have more room for growth. Therefore, UBS raised the valuation of Apollo from $10 billion to $15 billion.

　　While attracting the attention of the capital market, Baidu’s business in intelligent cloud is also growing. On December 23rd last year, IDC, a world-renowned consulting firm, released the report "China Artificial Intelligence Cloud Service Market Research Report (2020H1)", and Baidu AI Cloud ranked first in China in the AI public cloud service market in China.

　　Regarding the future trend of Baidu’s share price, many analysts agree that Baidu will continue to make breakthroughs in the fields of mobile ecology and artificial intelligence in 2021, and its commercialization prospects will gradually become clear. Baidu will continue to gain the favor of the capital market for a long time to come.

　　Disclaimer: The market is risky, so you should be careful when choosing! This article is for reference only, not as a basis for trading.