Nomura Securities Reaffirms a 'Buy' on Baidu (BIDU); Q1 Results Slightly Lower Than Es

Nomura Securities reaffirms a 'Buy' on Baidu (NASDAQ: BIDU), PT increased to $175.

Nomura analyst, Jin Yoon, says, "However, the company gave strong 2Q11F guidance that implies 32.6-35.5% q-q revenue growth, 6.6% above our original estimates. We still believe that Baidu’s revenue growth momentum remains very strong. We reaffirm our BUY call and lift our price target to US$175 on the heels on strength in the advertising market and the company’s exposure to e-commerce and online video."

For more ratings news on Baidu click here and for the rating history of Baidu click here.

Shares of Baidu closed at $148.25 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Baidu (BIDU) call put ratio 1 call to 1 put into quarter results
• Freedom Broker Upgrades Serve Robotics (SERV) to Buy
• Cantor Fitzgerald Reiterates Overweight Rating on Applied Materials (AMAT)