New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 9, 2013
10:55 EDTBIDUBaidu advances after analyst raises stock rating
Shares of Chinese search engine Baidu (BIDU) are advancing after Citigroup upgraded the stock this morning. WHAT'S NEW: Baidu's revenue from mobile Internet users should continue to increase in upcoming quarters, Citigroup analyst Muzhi Li wrote in a note to investors earlier today. Mobile Internet yields higher profit margins than desktop, added Li. Moreover, the increase in Baidu's mobile Internet revenue should raise the valuation of its stock, he believes. Baidu should also be boosted by its acquisition of Chinese Internet company 91 Wireless, which has a high growth mobile app and mobile games business, the analyst added. Li upgraded Baidu to Buy from Neutral, and increased the target on the shares to $167 from $113. TODAY'S PRICE ACTION: In mid-morning trading, Baidu rose $3.30, or 2.4%, to $139.
News For BIDU From The Last 14 Days
Check below for free stories on BIDU the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
April 23, 2014
08:38 EDTBIDUBaidu's Q1 revenue likely to top consensus, says Maxim
Subscribe for More Information
April 17, 2014
07:29 EDTBIDUBaidu launches mobile wallet in China to compete with peers, TNW says
Subscribe for More Information
April 16, 2014
09:36 EDTBIDUActive equity options trading on open
Subscribe for More Information
April 15, 2014
18:58 EDTBIDUOn The Fly: After Hours Movers
Subscribe for More Information
April 11, 2014
12:44 EDTBIDUHedge funds initiating shorts on Priceline, Amazon, Twitter, CNBC says
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use