Deutsche Deutsche raised Baidu's target stock to $337

Deutsche Deutsche raised Baidu's target stock to $337

Sina Technology News Beijing time in the evening of August 1st news, Deutsche Bank released the investment research report today, the Baidu (Nasdaq:BIDU) target stock price up to 337 US dollars.

Earlier today, it was reported that Google plans to return to the mainland's search engine service market. Affected by this, Baidu shares fell to $227.81 in today's pre trading, a drop of 7.84%.

Yesterday, Baidu's stock closed at $247.18, and its market value was $81 billion 952 million. In the past 52 weeks, Baidu's highest stock price was $284.22, and its lowest price was $207.74.  

YAHOO financial data showed that 12 of the 33 analysts tracking Baidu shares gave a "hold" rating, 11 gave a "buy" rating and the 8 gave a "strong buy" rating.

Baidu yesterday released its second-quarter results for the fiscal year ended June 30, with total revenue of 26 billion yuan ($3.93 billion), up 32% year-on-year. Net profit attributable to Baidu was 6 billion 400 million yuan (US $967 million), an increase of 45% over the same period last year. (Li Ming)

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