Collins Stewart Starts Baidu (BIDU) at Buy; Strong, Sustained Growth At An Inexpensive Price

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.

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