Baidu (BIDU) Continues To Rip Higher

Despite some negative talk on Baidu (Nasdaq: BIDU), the stock continues to be a monster performer. Shares are up 3.3% today to $392 on strong volume. The stock is closing-in on its 52-week high of $369.60.

Yesterday, Goldman Sachs made some extremely bullish comments on the company, raising their price target to a new "street high" $455.

Today, Baidu's CEO said he sees users leaving Yahoo Japan to come to Baidu in coming years, according to headlines from Reuters.

Real-Time Market Moving News Two-Weeks FREE http://www.streetinsider.com/premium_content.php

You May Also Be Interested In

• Baidu (BIDU) PT Lowered to $150 at Benchmark on Near-Term Margin Concerns
• Uber and Baidu launch driverless robotaxi service in Dubai
• Baidu.com Inc (9888:HK) (BIDU) PT Lowered to HK$161 at Macquarie