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Qihoo 360 Technology Co. Ltd. Message Board

  • kerrydnvn kerrydnvn Jan 8, 2013 3:17 PM Flag

    Price Target To $37.00!!!!!!

    On Monday, Maxim Group reiterated its Buy Qihoo 360 and elevated its price target from $28 to $37. In a note, Maxim commented that, “Search has started to generate ad dollars. QIHU’s stock has appreciated more than 30 percent since reporting third quarter results in late November. Aside from the market anticipation for a recovering Chinese economy, we believe QIHU’s search revenue prospects are the main driver of the strong up-run. According to our channel checks, QIHU has already started to run ads on its search and may have also signed a collaboration agreement with Google that allows Google ads on its search result pages. We estimate that QIHU’s revenue from Google will start contributing in the first quarter at a split ratio higher than the 33 percent it received previously from directing search queries to Google.”

    Sentiment: Strong Buy

76.920.00(0.00%)Jul 15 4:00 PMEDT