JG Capital, US investment company, released a research report today

U.S. investment company JG Capital today released a study, reiterated that Baidu (Nasdaq:bidu) 's stock rating of "overweight" (overweight), the target price of 210 U.S. dollars.

The following is a summary of the contents of the report:

We reiterate Baidu's "overweight" rating for the following reasons:

-Overview: We expect Baidu's first-quarter revenue to be RMB 9.54 billion, in line with or slightly above Wall Street analysts ' average expectations, exceeding Baidu's previously expected limit of RMB 9.42 billion to RMB 9.52 billion. But in terms of profitability, we think Wall Street analysts ' current average expectations may be too high. Overall, we expect the market to respond with a neutral or slightly positive response to Baidu's first-quarter earnings. We maintain the "overweight" rating of Baidu stock, with a target price of 210 dollars.

-Our industry survey results show that Baidu's first quarter business performance is robust.