Baidu (BIDU) Price Target Raised to $260 at Goldman Sachs
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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
Fitch Affirms Ratings on Baidu.com (BIDU) Following Q2 Results
July 25, 2014 7:56 AM EDTFitch Ratings says that Baidu, Inc.'s (Nasdaq: BIDU)(A/Stable) continued solid performance in 2Q14 reinforces our belief that Baidu's cross-channel leadership in search advertising in China will continue to sustain its credit profile, which will also be supported by its continued investments in the mobile platform and new technologies.
Fitch expects there will continue to be strong growth in Baidu's mobile revenues in the next two to three years due to the company's leading positions in mobile search, mobile map and app distribution, which are the three key entry... More
Baidu (BIDU) PT Raised to $242 at BofA/Merrill Lynch Post Q2
July 25, 2014 7:36 AM EDTBofA/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
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
