Collins Stewart Riterates a 'Buy' on Baidu (BIDU); Expect A Strong Beat Quarter

Collins Stewart reiterates a 'Buy' on Baidu (NASDAQ: BIDU) price target of $205.00.

Collins analyst says, "We expect Baidu to report a 3Q that strongly outperforms consensus revenue / PF EPS estimates of $617M (up 83% Y/Y, 75% organic) /$0.85, as well as the high end of management guidance of $611M-$627M (75%-80% Y/Y organic growth). While street estimates already bake in 75% organic growth, we believe there is a good likelihood that Baidu could beat given acceleration in search market in 3Q, partly due to increasing large advertiser spend; new non-search initiatives such as contextual and better than expected operating leverage."

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

Shares of Baidu closed at $127.98 yesterday.

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