- "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
Baidu boosted by sell-side after earnings
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