Collins Stewart Starts Baidu (BIDU) at Buy; Strong, Sustained Growth At An Inexpensive Price
Get Alerts BIDU Hot Sheet
Price: $95.58 --0%
Rating Summary:
33 Buy, 7 Hold, 2 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 10 | Down: 18 | New: 16
Rating Summary:
33 Buy, 7 Hold, 2 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 10 | Down: 18 | New: 16
Join SI Premium – FREE
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.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- B.Riley Resumes Magnite (MGNI) at Buy
- Lake Street Capital Markets Starts Cellebrite (CLBT) at Buy
- CIMC Enric Holdings Ltd. (3899:HK) (CIMEF) PT Lowered to HK$8.70 at HSBC
Create E-mail Alert Related Categories
New CoverageRelated Entities
Collins StewartSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!