Market Overview

UPDATE: Maxim Group Reiterates Baidu at Sell on Weak Margins

Related BIDU
Early Global News: Judge Dismisses Yelp Lawsuit, Boston Scientific Recall, Brazil Suing BHP & Vale
This Chinese Internet Portfolio Surged 6X More Than The S&P 500 Over The Past Month
Uber, Didi Kuaidi End 2015 With Big Milestones (Seeking Alpha)

Maxim Group reiterated its Sell rating and $80.00 price target on Baidu (NASDAQ: BIDU) following Q4 results.

Maxim Group commented, "During the quarter, BIDU was able to grow the number of advertisers by 30.5% y/y (4.1% q/q) at the expense of revenue per advertiser, which grew 7.6% y/y but declined 3.1% q/q, the slowest growth ever in BIDU's reporting history. … Management also expects continued weak PC search market growth. This will likely result in BIDU increasingly relying on mobile search, which may have grown to a significant share of BIDU's search traffic but have not generated material revenue for BIDU to break out a separate line in income statement."

Baidu closed at $107.20 on Monday.

Latest Ratings for BIDU

Oct 2015Piper JaffrayMaintainsOverweight
Oct 2015Daiwa SecuritiesDowngradesUnderperform
Sep 2015Summit Research DowngradesBuyHold

View More Analyst Ratings for BIDU
View the Latest Analyst Ratings

Posted-In: Maxim GroupAnalyst Color Reiteration Analyst Ratings


Related Articles (BIDU)

View Comments and Join the Discussion!

Get Benzinga's Newsletters