Baidu: A Story of Building Mobile Momentum

By Daniel Sparks and Eric Bleeker – Aug 18, 2013 at 5:45PM

NASDAQ: BIDU

Baidu

Market Cap

$29B

Today's Change

(0.79%) $0.78

Current Price

$99.01

Price as of April 24, 2024, 10:52 a.m. ET

Many investors left Baidu for dead at the start of the year, but shares have risen nearly 50% across the past six months. With a recent $2 billion app store acquisition behind it, is Baidu's mobile momentum set to continue?

Baidu (BIDU 0.79%) stock has officially recovered from its slump. At $135, the stock is up about 40% from just a few months ago. What's all the hype about? And is the stock still a buy?

In the following video, tech analysts Eric Bleeker and Daniel Sparks take a closer look at the catalysts behind Baidu stock. As they point out, Baidu's recent success in mobile is a solid sign that the company's surging increase in expenses and future investments is beginning to pay off -- and investors have responded bullishly.

To hear whether Eric and Daniel still think Baidu is a buy, check out the video.

Fool contributor Daniel Sparks has no position in any stocks mentioned. Eric Bleeker, CFA, owns shares of Baidu. The Motley Fool recommends and owns shares of Baidu and LinkedIn. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.