GELYF - Baidu Stock Forecast 2021: Should You Invest?

• Baidu's entry into EV-making is the main driver in getting market players truly excited and sending the stock parabolic in the past weeks.
• This article endeavors to determine if the current valuation is justified and what is the upside remaining.
• I argue that the share price of Baidu still has much room to go if we are to expect the stock recovers to the price-to-sales ratio it achieved in 2018.
• This would mean a share price of $359.57, an upside of 51 percent from the last closing price of $238.87.
• While bullish, there are some risks that investors should consider.

For further details see: