Goldman Sachs Maintains a 'Neutral' on Baidu (BIDU); Taxes Helped Q2; Mobile Now in Focus

Article Stock Quotes (1) Comments (0)

Goldman Sachs maintains a 'Neutral' on Baidu (NASDAQ: BIDU) price target of $135.00.

Analyst, Catherine Leung, said, "We believe the 2Q results reflect Baidu gaining more SME ad budgets. However, barring significantly stronger uptake in its core desktop
business, we think rapid mobile internet usage growth still poses challenges and hence maintain our Neutral."

For an analyst ratings summary and ratings history on Baidu click here. For more ratings news on Baidu click here.

Shares of Baidu closed at $107.10 yesterday, with a 52 week range of $99.71-$165.96.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Morgan Stanley Says Tesla (TSLA) 'Top Pick in U.S. Autos'
• Deutsche Bank Downgrades TRW Automotive Holdings (TRW) to Hold
• UPDATE: Vanda Pharmaceuticals (VNDA) Opens Higher; Lazard Raises PT to $17

Create E-mail Alert Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View

Related Entities

Goldman Sachs

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?