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Technology Stocks : Baidu (BIDU) -- Ignore unavailable to you. Want to Upgrade?

To: ChinuSFO who wrote (1457)	2/1/2011 10:27:49 AM
From: manalagi	Read Replies (1) \| Respond to of 2098

Target price raised to $ 160 from $ 140 S&P REITERATES BUY OPINION ON ADSS OF BAIDU (Standard & Poor's) BIDU post Q4 per-ADS profits of $0.50 vs. $0.18, above our forecast of $0.46, reflecting revenue notably above our projection. Revenues surged 94% on significant growth in active online marketing customers and revenue per client. Gross margins benefited from continuing scale and efficiencies, but we note substantial R&D expenses. We are raising our per-ADS earnings estimates for '11 to $2.60 from $2.47 and '12 to $3.70 from $3.52. On revised peer analysis, we are raising our 12-month target price to $160 from $140. Our calculated '11 PEG ratio for BIDU is 0.91.