Market Overview

Deutsche Bank On Baidu: 'Out Of Sight, Not Out Of Mind'

Share:
Deutsche Bank On Baidu: 'Out Of Sight, Not Out Of Mind'
Related BIDU
9 Most Popular Mobile Apps In China
Earnings Scheduled For February 23, 2017
Contrarius Investment Management Ltd Buys Vale SA, Noble PLC, Arch Coal, Sells JD. ... (GuruFocus)

Alan Hellawell III of Deutsche Bank on Friday maintained a Buy rating on shares of Baidu Inc (ADR) (NASDAQ: BIDU) with a $261 price target based on a continued belief that the company will see 40 percent year-ove- year top-line growth in 2015.

“Having spent much of 2014 solidifying its grip on the mobile search market, we expect Baidu this year to up its investment in promotional campaigns around its broadening family of mobile apps and services; from food delivery to other LBS-based offerings,” Hellawell wrote.

The analyst adds that the initiatives should result in at least a 150 basis point improvement in operating margins.

Hellawell also notes that Baidu's inclusion within the MSCI China and MSCI Emerging Market index as a positive development.

Image credit: Simon Brunnozi, Wikimedia

Latest Ratings for BIDU

DateFirmActionFromTo
Mar 2017BarclaysInitiates Coverage OnEqual-Weight
Jan 2017BernsteinInitiates Coverage OnUnderperform
Jan 2017Stifel NicolausUpgradesHoldBuy

View More Analyst Ratings for BIDU
View the Latest Analyst Ratings

Posted-In: Alan Hellawell III Baidu Deutsche Bank Emerging MarketsAnalyst Color Long Ideas Analyst Ratings Trading Ideas Best of Benzinga

 

Related Articles (BIDU)

View Comments and Join the Discussion!