Fitch Affirms Ratings on Baidu.com (BIDU) Following Q2 Results
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July 28, 2014 11:35 AM EDT
Moody's Investors Service says that Baidu Inc.'s (Nasdaq: BIDU) 1H2014 results support its A3 issuer and senior unsecured debt ratings.
The ratings outlook remains stable.
"Baidu's robust year-on-year revenue growth of 59% in 1H2014 to RMB 19.9 billion slightly exceeds Moody's expectations," says Lina Choi, a Moody's Vice President and Senior Analyst.
"This strong revenue growth reflects Baidu's success in monetizing its mobile-search products and improving overall click-through rates," adds Choi, who is also the Lead Analyst for Baidu. "Revenue per online market customers also recorded a... More
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
