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Qihoo 360 Technology Co. Ltd. Message Board

  • shootstar_jli16 shootstar_jli16 Mar 14, 2014 4:46 PM Flag

    good news: upgrade details - to Buy at Stifel; tgt $238 - 2/27/2014 9:03 AM ET

    . As mentioned, Stifel upgraded BIDU to Buy from Hold and sets target at $238. The call is based on Baidu's very rapidly growing mobile search franchise. Through innovation and acquisitions, Baidu has built a mobile search ecosystem with strong momentum and limited competition. Mobile search queries are soaring and are likely to vault past 50% of Baidu search queries in 2014. Monetization is 60% of desktop queries and improving. Volume and price should fuel Baidu's mobile revenue growth. Baidu's 4Q13 results were mixed with a revenue beat, but profit shortfall. 1Q14 revenue guidance is strong, but margins will be under severe pressure due to heavy investments.

    Sentiment: Strong Buy

58.86+0.17(+0.29%)Dec 19 4:15 PMEST

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