Baidu (ADR) (BIDU) Reaches $177.84 After 4.00% Up Move, Last Week Godaddy (GDDY) Analysts

June 20, 2017 - By Peter Erickson

The stock of Baidu Inc (ADR) (NASDAQ:BIDU) is a huge mover today! About 374,185 shares traded. Baidu Inc (ADR) (NASDAQ:BIDU) has risen 12.02% since June 20, 2016 and is uptrending. It has underperformed by 4.68% the S&P500.The move comes after 9 months positive chart setup for the $62.84 billion company. It was reported on Jun, 20 by Barchart.com. We have $184.95 PT which if reached, will make NASDAQ:BIDU worth $2.51B more.

Among 15 analysts covering GoDaddy Inc (NYSE:GDDY), 11 have Buy rating, 1 Sell and 3 Hold. Therefore 73% are positive. GoDaddy Inc had 29 analyst reports since August 6, 2015 according to SRatingsIntel. Citigroup downgraded the shares of GDDY in report on Tuesday, June 7 to “Neutral” rating. The stock has “Overweight” rating by Piper Jaffray on Friday, August 7. On Thursday, August 6 the stock rating was maintained by Deutsche Bank with “Buy”. The firm has “Buy” rating by Deutsche Bank given on Thursday, August 4. The rating was initiated by Summit Redstone with “Buy” on Monday, October 3. As per Thursday, October 22, the company rating was initiated by UBS. The stock of Godaddy Inc (NYSE:GDDY) has “Buy” rating given on Tuesday, October 18 by Deutsche Bank. The company was maintained on Thursday, November 3 by RBC Capital Markets. Citigroup maintained the shares of GDDY in report on Monday, August 31 with “Buy” rating. The company was initiated on Tuesday, April 5 by Singular Research. See Godaddy Inc (NYSE:GDDY) latest ratings:

29/03/2017 Broker: Barclays Capital Rating: Overweight Initiate

Among 22 analysts covering Baidu (NASDAQ:BIDU), 6 have Buy rating, 4 Sell and 12 Hold. Therefore 27% are positive. Baidu had 35 analyst reports since July 28, 2015 according to SRatingsIntel. Daiwa Securities downgraded the shares of BIDU in report on Wednesday, October 7 to “Underperform” rating. As per Wednesday, September 9, the company rating was maintained by Deutsche Bank. Brean Capital upgraded the stock to “Buy” rating in Friday, April 29 report. The company was maintained on Wednesday, May 11 by Morgan Stanley. As per Friday, October 28, the company rating was downgraded by Credit Suisse. The rating was initiated by Cantor Fitzgerald on Monday, December 19 with “Underweight”. The firm has “Sector Weight” rating given on Tuesday, July 28 by Pacific Crest. The firm has “Underperform” rating by Bernstein given on Wednesday, January 11. The firm earned “Hold” rating on Friday, July 29 by TH Capital. The firm has “Buy” rating given on Thursday, May 12 by Jefferies.

Baidu, Inc. is a Chinese language Internet search provider. The company has market cap of $62.84 billion. The Firm offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. It has a 46.44 P/E ratio. In addition to serving individual Internet search users, the Company provides a platform for businesses to reach customers.

Analysts await Baidu Inc (ADR) (NASDAQ:BIDU) to report earnings on July, 27. They expect $1.10 earnings per share, up 4.76% or $0.05 from last year’s $1.05 per share. BIDU’s profit will be $388.69 million for 40.42 P/E if the $1.10 EPS becomes a reality. After $0.66 actual earnings per share reported by Baidu Inc (ADR) for the previous quarter, Wall Street now forecasts 66.67% EPS growth.

About 82,921 shares traded. Godaddy Inc (NYSE:GDDY) has risen 31.53% since June 20, 2016 and is uptrending. It has outperformed by 14.83% the S&P500.

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