Baidu: Deutsche Bank Says Buy; Sees Possible Double

Baidu (BIDU) shares are getting a boost this morning from Deutsche Bank analyst Alan Hellawell, who launched coverage of the Chinese search engine company this morning with a Buy rating and a $211 price target. Moreover, he says a “blue-sky scenario” yields a valuation of $432. (Sounds ambitious, although I would note that the 52-week high for the stock is $382.90.)

Hellawell notes that the Chinese search market is a duopoly, with 62 percent market share for Baidu, and 28 percent for Google (GOOG); he also notes that the market is “still nascent,” and should grow 37 percent compounded through 2012.

Read the rest of this post


Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »