Goldman Sachs: bidu to $145 in 6-month

Discussion in 'Stocks' started by apitrader, Dec 16, 2008.

  1. UPDATE 1-Goldman Sachs upgrades
    Tue Dec 16, 2008 5:56am EST

    Goldman Sachs upgraded Inc (BIDU.O: Quote, Profile, Research, Stock Buzz) to "conviction buy" from "neutral" and said the top Chinese Internet search company was set to benefit from the growth in paid search in China.

    Search spending is expected to climb at about 30 percent annually for several years and Baidu is expected to maintain query share with government help and consumer loyalty, the brokerage said in a note dated Dec. 15.

    This will result in revenue and earnings per share growth of 30 percent per year for the company, it added.

    Paid search will outgrow China's gross domestic product helped by current low penetration, rising query volumes on increasing broadband penetration and secular demand from consumer-facing companies, Goldman Sachs forecast.

    The brokerage said it expected concerns that the Chinese government had targeted Baidu for punishment would diminish.

    "We doubt the government seeks to disadvantage Baidu to the extent it loses substantial query share to foreign rivals," Goldman said.

    The brokerage has a 6-month price target of $145 on Baidu stock. Baidu shares closed at $118.09 on Monday on Nasdaq. (Reporting by Amiteshwar Singh in Bangalore; Editing by Gopakumar Warrier)

    bidu right at the multi-year bottom, right need an excuse for a rebounce. They are also buying back ($200mln) shares from today. See $140 today.
  2. aresky


    since last summer Goldman sucks

    30 September 2008 12:25 pm
    NEW YORK - Inc. shares rose Tuesday as a Goldman Sachs analyst said he sees the online retailer's stock as oversold.

    Amazon shares climbed $5, or 7.9 percent, to $68.35 in Tuesday afternoon trading.

    On Monday, the stock fell $7.35, or 10.4 percent, to close at $63.35, following the overall market's steep decline. That closing price also marked a decline of more than 20 percent for the stock since the end of August.

    In a note to clients late Monday, Goldman Sachs analyst James Mitchell kept his "Buy" rating and $98 price target for the shares. The analyst said that Amazon's business model "has proven highly successful in Japan, a case study for limited credit extension and weak consumer spending in recent years."
  3. Should see 300 in a year or so. Nothing fundamentally changed despite mental recession.
  4. oriol88


    you turder are in mental depression
  5. Somebody's gonna go to jail as a result of that recommendation. :cool:
  6. more like a mental delusion.

  7. I'd love to see an equity curve of that list 2003 - 2009. 1.5x SPX beta all the way up and then all the way down :cool: