they had to raise their price target today otherwise their funds would have had to dump it reached their price target and their charter would force them to sell to much risk. just another scam can't let this bubble collapse yet. it's a big money machine and got to keep this ponzi scheme going. china is laughing their asses off as their raking in billions thanks to our corruption and greed. we're going full circle again. had 2000 then 2008 and now it will be 2010 only difference this time is the banks and governments are insolvent so who will bail us out this time.
they are ridiculous "Citigroup raised their target price for the stock to $630 from $550, citing Baidu will be the company that will benefit the most form China’s strong eCommerce momentum and growth. The analysts’ new target price gives a multiple of 40 times 2011 P/E as they view robust eCommerce growth and opportunities for the company to improve its monetization capabilities."
are you kidding me, people buying the stock like it's futures contracts 40X forward looking 2011 P/E that's absurd