5 Best Emerging Market Stocks to Buy Now

2. Baidu, Inc. (NASDAQ:BIDU)

Number of Hedge Fund Holders: 45   

Baidu, Inc. (NASDAQ:BIDU) offers internet search services in China. It is one of the premier emerging market stocks to invest in. On October 17, Baidu announced that it has received permission from regional authorities of Southern Chinese cities of Guangzhou and Shenzhen to provide high mapping technologies to their automakers to enable advanced driver assistance systems on production vehicles.

On October 17, Barclays analyst Jiong Shao maintained an Overweight rating on Baidu, Inc. (NASDAQ:BIDU) stock and lowered the price target to $146 from $235, noting that cost control remains a key focus ahead of the Q3 results.

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Ariel Investment is a leading shareholder in Baidu, Inc. (NASDAQ:BIDU), with 2.6 million shares worth more than $393 million. 

In its Q2 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Baidu, Inc. (NASDAQ:BIDU) was one of them. Here is what the fund said:

“Baidu, Inc. (NASDAQ:BIDU), a leading Chinese artificial intelligence company, contributed to performance in the second quarter due to an improving outlook for its mobile ecosystem, continued market share gains in cloud computing, solid progress in autonomous vehicle development, and improving operational efficiency. We see significant upside for Baidu, given its strong competitive position across several of China’s key growth industries.”