Goldman Sachs Maintains a 'Neutral' on Baidu (BIDU); Taxes Helped Q2; Mobile Now in Focus
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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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Goldman Sachs maintains a 'Neutral' on Baidu (NASDAQ: BIDU) price target of $135.00.
Analyst, Catherine Leung, said, "We believe the 2Q results reflect Baidu gaining more SME ad budgets. However, barring significantly stronger uptake in its core desktop
business, we think rapid mobile internet usage growth still poses challenges and hence maintain our Neutral."
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 $107.10 yesterday.
Analyst, Catherine Leung, said, "We believe the 2Q results reflect Baidu gaining more SME ad budgets. However, barring significantly stronger uptake in its core desktop
business, we think rapid mobile internet usage growth still poses challenges and hence maintain our Neutral."
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 $107.10 yesterday.
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