$1000 Invested In Baidu 15 Years Ago Would Be Worth This Much Today
Portfolio Pulse from Benzinga Insights
$1000 invested in Baidu (NASDAQ:BIDU) 15 years ago would now be worth $15,076.42, showcasing an average annual return of 20.45% and outperforming the market by 6.38% on an annualized basis. Baidu's current market capitalization stands at $39.09 billion.
February 23, 2024 | 2:30 pm
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POSITIVE IMPACT
A $1000 investment in Baidu 15 years ago would be worth $15,076.42 today, reflecting a significant growth due to an average annual return of 20.45%.
The substantial growth in investment value over 15 years highlights Baidu's strong performance in the market, significantly outpacing average market returns. This historical performance, coupled with a solid market capitalization, suggests a positive outlook for Baidu's stock in the short term, assuming market conditions remain favorable and the company continues on its growth trajectory.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100