Mizuho Securities Assumes Baidu (BIDU) at Buy
Get Alerts BIDU Hot Sheet
Rating Summary:
33 Buy, 7 Hold, 2 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 4 | Down: 8 | New: 1
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Mizuho Securities analyst James Lee assumes coverage on Baidu (NASDAQ: BIDU) with a Buy rating and a price target of $220.00.
Lee commented, "We assume coverage of Baidu with a Buy rating and a PT of $220, based on 8.5x Core Baidu EBITDA (vs. CAGR of 15%) plus the estimated value of investments in iQiyi and CTRP. We believe the company is a turnaround story, returning to it roots of core search while investing for new opportunities leveraging its technology. Over the longer-term, we expect upside of 20% from products yet to fully monetized, including smart devices and cloud computing."
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 $176.85 yesterday.
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