Collins Stewart Starts Baidu (BIDU) at Buy; Strong, Sustained Growth At An Inexpensive Price
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Price: $94.72 +2.19%
Rating Summary:
8 Buy, 7 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
8 Buy, 7 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade BIDU Now!
Collins Stewart initiates coverage on Baidu (NASDAQ: BIDU) with a Buy. PT $185.
Collins analyst says, "Well positioned to grow at 40%-50%+ rates for many years - BIDU should demonstrate strong growth driven by multiple factors: 1) China's online advertising market expected to grow at 45% CAGR from
2010-2013; 2) Search mix of online advertising increasing from 34% currently to 45%-50%, similar to US levels and 3) Baidu gaining share within search, as Google (Nasdaq: GOOG) retreats from mainland China."
For more ratings news on Baidu click here and for the rating history of Baidu click here.
Shares of Baidu closed at $143.35 yesterday, with a 52 week range of $66.85-$156.04.
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Collins analyst says, "Well positioned to grow at 40%-50%+ rates for many years - BIDU should demonstrate strong growth driven by multiple factors: 1) China's online advertising market expected to grow at 45% CAGR from
2010-2013; 2) Search mix of online advertising increasing from 34% currently to 45%-50%, similar to US levels and 3) Baidu gaining share within search, as Google (Nasdaq: GOOG) retreats from mainland China."
For more ratings news on Baidu click here and for the rating history of Baidu click here.
Shares of Baidu closed at $143.35 yesterday, with a 52 week range of $66.85-$156.04.
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
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