Jefferies Reiterates a 'Buy' on Baidu (BIDU); Union Driving in Second Half
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Price: $95.14 -3.93%
Rating Summary:
8 Buy, 7 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
8 Buy, 7 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade BIDU Now!
Jefferies reiterates a 'Buy' on Baidu (NASDAQ: BIDU) price target of $150.00.
Analyst, Cynthia Meng, said, "2Q12 revenue came in at the top-end of guidance as strong SME growth and new verticals helped counter macro headwinds with weak ads operating environment. Earnings also beat both Street and our estimates. As expected, contextual ads was very strong, and we reiterate our view that Baidu Union will continue to drive growth in 2H12."
FY12 EPS estimate lowered from $4.89 to $4.70 and FY13 from $6.92 to $6.82.
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.
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Analyst, Cynthia Meng, said, "2Q12 revenue came in at the top-end of guidance as strong SME growth and new verticals helped counter macro headwinds with weak ads operating environment. Earnings also beat both Street and our estimates. As expected, contextual ads was very strong, and we reiterate our view that Baidu Union will continue to drive growth in 2H12."
FY12 EPS estimate lowered from $4.89 to $4.70 and FY13 from $6.92 to $6.82.
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.
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*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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