The stock is already up above $138 this morning. Piper just upped its target on the stock from $131 to $160! Piper says better than expected earnings confirms its belief that new products from BIDU are driving higher search usage. Congrats to the longs in this stock - it's a great feeling when you're in a big winner!
RBCM has also upgraded BIDU to Outperform from Sector Perform.