Baidu Stock Is Priced for Imperfection
Baidu (NASDAQ: BIDU) shares are off to a great start this week, soaring more than 12% through the first two days of trading. Shares of China's leading search engine provider rose 8% on Monday ahead of its critical second-quarter report. Financial results that weren't spectacular but refreshingly adequate helped push the stock higher by better than 4% on Tuesday.
Baidu has had its say, and now analysts are giving it a shot. At least three Wall Street pros have tweaked their price targets since Monday afternoon's quarterly release. There may not be a lot of newsworthy nuggets in the initial takes, but there's an encouraging trend once you step back and look at the big picture.
Image source: Baidu.
Source Fool.com
