Baidu (BIDU) PT Raised to $242 at BofA/Merrill Lynch Post Q2
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Baidu (BIDU) Price Target Raised to $260 at Goldman Sachs
July 25, 2014 10:24 AM EDTGoldman 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
Baidu (BIDU) Price Target Raised to $245 at Deutsche Bank
July 25, 2014 10:19 AM EDTDeutsche 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
Baidu (BIDU) PT, Estimates Raised Sharply by Piper Jaffray's Munster
July 25, 2014 7:30 AM EDTPiper 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
Baidu.com (BIDU) Posts Stronger-than-Expected Q2 EPS of $1.73
July 24, 2014 4:31 PM EDTBaidu.com (NASDAQ: BIDU) reported Q2 EPS of RMB10.72, RMB2.57 better than the analyst estimate of RMB8.15. Revenue for the quarter came in at RMB11.99 billion versus the consensus estimate of RMB11.95 billion.
Q2 Revs and EPS were $1.93 billion and $1.73, respectively. The Street was looking for Q2 EPS of $1.40.
"We had a great quarter as we continued to build very strong mobile... More
