Baidu boosted by sell-side after earnings

"Despite a purported heavy investment plan for the rest of FY14, we believe the market has underestimated Baidu's (BIDU +1.2%) viability and is overly conservative on its growth /earnings outlook," says Deutsche's Alan Hellawell III, upgrading the stock to Buy with price target lifted to $229 from $178. "We believe it is unjustified for BIDU to trade at a significant discount vs. [peers] amid steadily improving fundamentals."

Reiterating its Buy rating, Goldman lifts the price target to $225 from $215.

Previous earnings coverage

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Comments (2)
  • T-time
    , contributor
    Comments (1005) | Send Message
    I read this a few times and each time wondering "which peers?" - you mean like Google? Or other Chinese companies like QIHU? Not sure I understand how it trades to a discount to "peers" that I wonder even exist! It trades at a discount because it has outstanding market fundamentals and has virtually no peers! At least that is how I see it....
    25 Apr 2014, 01:07 PM Reply Like
  • Tim'S
    , contributor
    Comments (375) | Send Message
    Good thinking...
    26 Apr 2014, 08:17 AM Reply Like
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