Dance with big boys behind the bulls:
Goldman Sachs Boosts Price Target on Baidu (BIDU) to $273
Goldman Sachs raised its price target on Baidu, Inc. (Nasdaq: BIDU) from $212 to $273, while maintaining its Buy rating following solid Q1 results from the company.
Baidu: J.P. Morgan Ups Target; Stock Rallies
Baidu (BIDU) shares have received a lift from J.P. Morgan analyst Dick Wei, who this afternoon upped his price target to $265 from $190. He now sees GAAP EPS of $5.67 a share in 2009, and $8.35 in 2010. That¡¯s above the consensus at $5.48 and $7.34, respectively.
Bank of America/Merrill Lynch analyst Eddie Leung today repeated his Buy rating on the stock, while boosting his target price to $258, from $147. He writes that the rollout of the Phoenix Next keyword bidding and matching system ¡°appears to be smooth.¡±
The chart setup is perfect:
Goldman Sachs Boosts Price Target on Baidu (BIDU) to $273
Goldman Sachs raised its price target on Baidu, Inc. (Nasdaq: BIDU) from $212 to $273, while maintaining its Buy rating following solid Q1 results from the company.
Baidu: J.P. Morgan Ups Target; Stock Rallies
Baidu (BIDU) shares have received a lift from J.P. Morgan analyst Dick Wei, who this afternoon upped his price target to $265 from $190. He now sees GAAP EPS of $5.67 a share in 2009, and $8.35 in 2010. That¡¯s above the consensus at $5.48 and $7.34, respectively.
Bank of America/Merrill Lynch analyst Eddie Leung today repeated his Buy rating on the stock, while boosting his target price to $258, from $147. He writes that the rollout of the Phoenix Next keyword bidding and matching system ¡°appears to be smooth.¡±
The chart setup is perfect: