Jefferies Starts Baidu (BIDU) at Buy, Sees 38% Upside
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Price: $93.21 +1.35%
Rating Summary:
31 Buy, 9 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
31 Buy, 9 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Jefferies initiates coverage on Baidu (NASDAQ: BIDU) with a Buy rating and $200 price target, suggesting 38% upside.
The firm states, "As the number one search marketing player, Baidu enjoys a very high entry barrier, limited competition, a growing market with still low SME online marketing penetration, and an early opportunity in mobile search. Un-monetized traffic still accounts for over 55%, and online video JV Qiyi offers huge potential."
For more ratings news on Baidu click here and for the rating history of Baidu click here.
Shares of Baidu closed at $140.71 yesterday.
The firm states, "As the number one search marketing player, Baidu enjoys a very high entry barrier, limited competition, a growing market with still low SME online marketing penetration, and an early opportunity in mobile search. Un-monetized traffic still accounts for over 55%, and online video JV Qiyi offers huge potential."
For more ratings news on Baidu click here and for the rating history of Baidu click here.
Shares of Baidu closed at $140.71 yesterday.
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