Maxim Group Reiterates Buy Rating, $96 PT on Qihoo 360 Technology Co. Ltd. Ahead of 3Q13 Earnings Report

In a report published Tuesday, Maxim Group analyst Echo He reiterated a Buy rating and $96.00 price target on Qihoo 360 Technology Co. Ltd. QIHU. In the report, Maxim Group noted, “QIHU is reporting its 3Q13 earnings results on Monday, November 25, before the Market opens, with a conference call scheduled for 7:30am EST. We expect both 3Q13 revenue and 4Q13 revenue guidance to beat consensus estimates by a reasonable margin, driven by search revenue ramp ups and an increase in online ad budgets towards the year end.” Qihoo 360 Technology Co. Ltd. closed on Monday at $84.11.