Baidu expected to report solid Q4 results, says Macquarie Macquarie expects Baidu to report solid Q4 results that are in-line or better than management guidance. The firm expects results to be driven by its mobile search business, iQiyi video and Qunar, and a solid PC search business. The firm believes Q1 guidance could be better than its estimates and believes modest 2014 margin pressure is factored into shares. The firm rates Baidu an Outperform with a $200 price target.
Baidu upgraded to Outperform from Perform at Oppenheimer Oppenheimer upgraded Baidu to Outperform with a $280 price target citing the recent pullback in shares and the company's increasing mobile market share.