Deutsche Bank Upgrades Baidu (BIDU) to Buy Following Q1 Beat

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Go back to Deutsche Bank Upgrades Baidu (BIDU) to Buy Following Q1 Beat

Goldman Sachs Raises Baidu (BIDU) Price Target to $225

April 25, 2014 8:47 AM EDT

Goldman Sachs maintained a Buy rating on Baidu (NASDAQ: BIDU) and raised its price target to $225.00 (from $215.00).

Analyst Piyush Mubayi said, "Incorporating better-than-expected 2Q guidance and long-term earnings upside as... More

Baidu.com (BIDU) Tops Q1 EPS by 25c; Issues Q2 Revs Outlook

April 24, 2014 4:31 PM EDT

Baidu.com (NASDAQ: BIDU) reported Q1 EPS of $1.24, $0.25 better than the analyst estimate of $0.99. Total revenues in the first quarter of 2014 were RMB9.497 billion ($1.528 billion), a 59.1% increase from the corresponding period in 2013.

Online marketing revenues for the first quarter of 2014 were RMB9.378 billion ($1.509 billion), representing a 57.5% increase from the corresponding period in 2013. Baidu had about 446,000 active online marketing customers[2] in... More