Seeking Alpha

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
Comments (2)
  • T-time
    , contributor
    Comments (274) | 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, 01:07 PM Reply Like
  • Tim'S
    , contributor
    Comments (116) | Send Message
     
    Good thinking...
    26 Apr, 08:17 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector