Analysts at Morgan Stanley upgraded Baidu (NASDAQ: BIDU) from â€œequal-weightâ€ to â€œoverweightâ€ The target price for Baidu has been raised from $93 to $144.70. Baidu's shares closed at $125.85 yesterday.
I think that's a bit low for an estimate of where BIDU's stock price will be a year on out. Revenue growth at around 40%, with dominance in the industry. It's Forward P/E currently around 20. I would guesstimate $175 in a year.