Goldman Sachs Boosts Price Target on Baidu (BIDU)
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Goldman Sachs raised its price target on Baidu, Inc. (Nasdaq: BIDU) from $153 to $185, maintaining its Buy rating. The firm said Baidu can acheive Q2 revenue growth of 23%.
Baidu, Inc. provides Chinese language Internet search services primarily in the People's Republic of China.
For more analyst ratings on BIDU click here.
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BIDU Price Valuation
Gene Yarsky on Mar 10, 2009 11:29 AMHow come Baidu, Inc. (ADR) (NASDAQ:BIDU) has gained 7.25% since Mar.04, 2009 till today, trading at P/E 35.12 and GOOG has lost 12% for the same period with P/E 21.85. Is BIDU better positioned in the global market? Has a bigger market share or has more variety of products to offer? BIDU should get corrected accordingly.