AllThingsD » Alan Hellawell http://allthingsd.com Fri, 10 Feb 2012 02:23:18 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://allthingsd.com/theme/images/logo-rss.jpg All Things Digital http://allthingsd.com/ 144 22 Baidu: Deutsche Bank Says Buy; Sees Possible Double http://allthingsd.com/20090324/baidu-deutsche-bank-says-buy-sees-possible-double/ http://allthingsd.com/20090324/baidu-deutsche-bank-says-buy-sees-possible-double/#comments Tue, 24 Mar 2009 16:34:56 +0000 Eric Savitz http://voices.allthingsd.com/?p=9755 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.

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