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Raymond James and Stifel have downgraded Baidu (BIDU -10.6%) to Hold following its Q4 report (I,...
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Tuesday, February 5, 10:28 AM ETRaymond James and Stifel have downgraded Baidu (BIDU -10.6%) to Hold following its Q4 report (I, II); the former is worried about 2013 margin pressure, mobile, and continued investments. CEO Robin Li mentioned on the earnings call Baidu now has 80M mobile search daily users, while adding the company is working with ad customers to create mobile-optimized sites (only a small % have done so thus far). Barclays asked whether Baidu's revenue/customer drop was due to competition from Qihoo (QIHU +3.2%); Baidu argued a mix shift towards SMBs was responsible.
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This news story has 1 comment:
Stifel analyst firm is doing a good job & I even noticed their ratings in many other stocks who rate very well.
There was an article recently about Baidu "Is it worth more then 100$" and I believed it didn't even though the article thought it had potential...
http://bit.ly/XVd9pf
But I don't since it will only slow down from more future expenses on R&D, getting into the mobile search platform & growing competition from QIHU as it's main rival which isn't a great rival now but hopefully by the end of the year it will be of much threat only to grow bigger in time ^_^
I bet on QIHU this year much more then BIDU & so should you !!!