Baidu, Inc. (NASDAQ:BIDU): Current Price: $108.46
According to Piper Jaffray, the 2013 consensus earnings estimate for Baidu should be lowered to account for itss stepped up investment in the Baidu Union and in people. The firm’s 2013 earnings estimate for Baidu is $5.41, and the consensus estimate is at $5.94. Piper predicts that the consensus number will be reduced after Baidu’s earnings report on February 4, and the firm recommends purchasing the stock after the earnings announcement. Piper has given and Overweight rating and a $146 price target on the stock.