Google (GOOG) & Baidu (BIDU) Down A Combined 42 Points
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Google (Nasdaq: GOOG) & Baidu (Nasdaq: BIDU) down a combined 42 points in early morning trading. Much of it is due to investors looking to lock-in their profits on high-flying stocks like Google and Baidu. Google is up over 53% this year; Baidu is up an astonishing 235%.
Analysts have an average price target of $756.60 on Google and GOOG is trading at $706. Sanford Bernstein and Oppenheimer just raised their prices targets to Street highs of $850. There are 33 buys on Google and 4 hold ratings, according to Bloomberg.
Baidu's average price target is $319.30; Citigroup has a $425 price target on BIDU. There are 5 buys, 7 holds and 1 sell.
Analysts have an average price target of $756.60 on Google and GOOG is trading at $706. Sanford Bernstein and Oppenheimer just raised their prices targets to Street highs of $850. There are 33 buys on Google and 4 hold ratings, according to Bloomberg.
Baidu's average price target is $319.30; Citigroup has a $425 price target on BIDU. There are 5 buys, 7 holds and 1 sell.
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