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Technology Stocks : Baidu (BIDU)

BIDU 123.89

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12:22 PM EST

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To: manalagi who wrote (1414)	10/22/2010 7:59:38 AM
From: manalagi	Read Replies (1) of 2098

Goldman Sachs Boosts Price Target on Baidu (BIDU) to $115, A " Revenue Expansion Story" October 22, 2010 7:26 AM EDT Goldman Sachs raised their price target on Baidu (Nasdaq: BIDU) from $105 to $115, following results after the close. The firm maintained their Buy rating. Goldman noted that revenues rose 76% year-over-year and EPS was up 109%. Meanwhile, traffic acquisition costs, other costs of revenue, and SG&A increased at a slower pace than revenue. Baidu is compelling "revenue expansion story", the firm states. They are forecasting 65% revenue growth in 2011 and 39% in 2012. streetinsider.com That is $ 1,150 target price pre 10:1 split!

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