Shares of Baidu (BIDU) Modestly Higher Following Q1 Beat, Strong Guidance

Shares of Baidu.com (Nasdaq: BIDU) are moving about 2% higher today following slightly better-than-expected Q1 earnings reported last night after the closing bell. The stock most recently traded at $228.32.

Baidu topped Wall Street's quarterly EPS view of $0.76 by 10 cents, also beating on the sales number. To boot, the search-giant also issued Q2 sales guidance that was better than analysts' current estimates.

To stay up-to-date on all the quarterly earnings releases, visit our Earnings page.

UPDATE: As Baidu is a popular stock among both retail and institutional investors, numerous analysts are out with research calls on the stock this morning:

• Deutsche Bank maintained a Buy and raised its price target to $241.
  
• Goldman Sachs boosted its price target from $212 to $273, suggesting upside of about 16% from current levels.
  
• Susquehanna maintained a Positive rating and also boosted its price target from $250 to $260.
  
• Pali Research upgraded the stock from Sell to Neutral.
  
• Needham & Co upgrades Baidu from Underperform to Hold.

To see all the analyst calls on Baidu, goto our Analyst Ratings page.

Click here to see a summary of some highlights from Baidu's Q1 conference call.

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