5 Most Undervalued Stocks To Buy Now

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In this piece, we will take a look at the five most undervalued value stocks to buy now. If you want to take a deeper look at what undervalued and value stocks are all about, then read 10 Most Undervalued Stocks To Buy Now.

5. Baidu, Inc. (NASDAQ:BIDU)

Number of Q4 2023 Hedge Fund Shareholders: 48

Trailing P/E Ratio: 13.99

Average Analyst Share Price Upside: 51.24%

Baidu, Inc. (NASDAQ:BIDU) is a Chinese internet technology company headquartered in Beijing, China. The firm’s shares saw a lot of positive momentum in March 2024 when media reports claimed that Cupertino, California technology giant Apple could end up using Baidu, Inc. (NASDAQ:BIDU)’s artificial intelligence products in China.

By Q4 of 2023 end, 48 out of the 933 hedge funds surveyed by Insider Monkey had bought and owned Baidu, Inc. (NASDAQ:BIDU)’s shares. Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital owned the biggest stake which was worth $274 million.

Follow Baidu Inc (NASDAQ:BIDU)



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