Maxim Group Reiterates on Qihoo 360 Technology Co. 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. (NYSE: 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.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.