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Technology Stocks : Baidu (BIDU)

BIDU 123.82

+2.8%

Dec 19 9:30 AM EST

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From: The Ox	9/6/2012 11:06:56 AM
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From yesterday: Jefferies maintains a 'Buy' on Baidu (NASDAQ: BIDU) price target of $150.00. Analyst, Cynthia Meng, said, "Baidu upped the ante on mobile Internet entry barriers, introducing 7 cloud app development tools for developers. Acknowledging weakness in PC-based browsers, Baidu will focus on improving end-user search experience. It may explore consumer fee-based models and mobile payment longer term. The convergence of web and app may, in our view, help Baidu replicate its PC search success on mobile." For an analyst ratings summary and ratings history on Baidu click here. For more ratings news on Baidu click here. Shares of Baidu closed at $111.44 yesterday, with a 52 week range of $99.71-$154.15.

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