Summit Research analyst Henry Guo attributes the recent underperformance of Baidu shares to concerns that the company's revenue growth may decelerate further due to limited mobile search monetization improvement. The analyst tells investors in a research note that the concerns are unwarranted, however, and points out his firm's industry checks suggest Baidu's core search business remains solid. Guo views the current valuation as a buying opportunity and reiterates a Buy rating on Baidu with a $256 price target.
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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here