Market Overview

UPDATE: JG Capital Initiates at Overweight

Related BIDU
Benzinga's Top Downgrades
Summit's Guo Downgrades Baidu On O2O Concerns
Vipshop Fired Up On Analyst Report, Market Rally (Investor's Business Daily)

JG Capital has published a research report on (NASDAQ: BIDU) and initiated coverage with an Overweight rating and $121 price target.

In the report, JG Capital wrote, "Baidu, Inc. (BIDU) is the most popular Chinese language Internet search provider and is also the most visited Chinese website with a market share of 79% in Q2 FY12 and active customers of over 390,000. Baidu has the best search technology in China, which is difficult to replicate because of the intricacies of the Chinese language. Baidu is more advanced in China than Yahoo (YHOO; N/R) and Google (GOOG; N/R). For example, GOOG tried to localize its service, but failed to adapt to the China business culture and decided to pull out of China in 2010. After GOOG left China, BIDU successfully established itself as the #1 player in the China search market." closed Wednesday at $88.12

Latest Ratings for BIDU

Sep 2015Summit Research DowngradesBuyHold
Sep 2015Deutsche BankMaintainsHold
Aug 2015JefferiesUpgradesHoldBuy

View More Analyst Ratings for BIDU
View the Latest Analyst Ratings

Posted-In: JG CapitalAnalyst Color Initiation Analyst Ratings


Related Articles (BIDU)

View Comments and Join the Discussion!

Get Benzinga's Newsletters