07:56 EDT QIHU
theflyonthewallcom: Qihoo 360 price target raised to $168 from $108 at Stifel
Stifel raised its price target on Qihoo 360 following better than expected Q4 results. The firm cited the company's emerging franchise in China including its improved visitor traffic, strong technology, and expanding margins. Shares are Buy rated. :theflyonthewallcom
05:59 EDT QIHU
theflyonthewallcom: Qihoo 360 price target raised to $150 from $125 at Jefferies
Jefferies raised its price target for Qihoo 360 shares to $150 citing the company's strong Q4 results and reiterates a Buy rating on the stock. The firm believes Qihoo is executing on mobile game and PC search optimization.
QIHU's earnings report was unaudited. There are 20 analysts that rate QIHU a buy on unaudited earnings reports. 6 rate it a hold, one a sell. How trustworthy are unaudited earnings reports? The numbers sound too good to be true. Maybe a huge exaggeration. Maybe fraud. Hard to trust if reported earnings aren't verified.
Although I agree with your points, and I know that we r both Baidu followers, I would say that Baidu's results are also not audited. Don't spoil the Qihoo party although we both know that it may be shortlived.