Analysts Cautious on Baidu Stock Ahead of Earnings, Netlfix Shares Shoot Higher Today
Baidu, Inc.(NASDAQ:BIDU): Collins Stewart expects Baidu to report Q4 results in-line or a slight miss relative to consensus expectations, and issue Q1 guidance that implies down 2% to flat quarter-over-quarter growth, roughly in-line with estimates. Given the company’s history of beat-and-raise quarters, Collins Stewart believes the Q4 results may pressure Baidu shares in the near-term. However, the firm keeps a Buy rating on the stock with a $215 price target.
Netflix, Inc.(NASDAQ:NFLX): Oppenheimer increased its target on Netflix after the company reported stronger than expected Q4 results and provided better than expected Q1 guidance. The firm notes that streaming subscribers stabilized in Q4, and it maintains an Outperform rating on the stock.
CB Richard Ellis Group, Inc.(NYSE:CBG): JP Morgan sees less earnings risk for CBRE Group than a few weeks ago and recommends investors buy the stock into the company’s Q4 earnings report. The firm maintains an Overweight rating on the stock.
United Rentals, Inc.(NYSE:URI): Oppenheimer increased its target on United Rentals after the company reported higher than expected Q4 adjusted EPS. The firm reiterates an Outperform rating.
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