Baidu.com (BIDU) Posts Stronger-than-Expected Q2 EPS of $1.73
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July 25, 2014 10:24 AM EDT
Goldman Sachs maintained a Buy rating on Baidu (NASDAQ: BIDU) and increased its price target to $260.00 (from $225.00). The change follows strong Q2 results.
"Mobile revenues exceeded 30% of Baidus total revenues in 2Q. Cost-per-click continues to rise, but remains at discounted levels relative to desktop, indicating further potential for pricing increases. The mobile search service recorded over... More
July 25, 2014 10:19 AM EDT
Deutsche Bank maintained a Buy rating on Baidu (NASDAQ: BIDU) and raised its price target to $245.00 (from $229.00). The change follows strong Q2 results.
Analyst Alan Hellawell III said, "Baidu reported 2Q14 total rev of Rmb12b,... More
July 25, 2014 7:36 AM EDT
BofA/Merrill Lynch analyst Eddie Leung reiterated a Buy rating and boosted his price target on Baidu (NASDAQ: BIDU) to $242.00 (from $203.00) following strong Q2 results.
Leung said the results indicate two trends: 1) areas for investment shifting from marketing to headcounts, which should... More
July 25, 2014 7:30 AM EDT
Piper Jaffray analyst Gene Munster reiterated an Overweight rating and raised his price target on Baidu (NASDAQ: BIDU) to $222.00 (from $206.00) following Q2 results.
Munster said, "We believe the biggest take away from Baidu's Q2 earnings report is that the Street may have... More
