Trader’s Alert: Baidu Inc (NASDAQ:BIDU), Qihoo 360 Technology (NYSE:QIHU), Sprint Corporation (NYSE:S), Nokia Corporation (ADR) (NYSE:NOK)

Technology Stocks News 9

Analysts at Citigroup Inc. raised their price objective on shares of Baidu (NASDAQ:BIDU) from $175.00 to $215.00 in a research report issued to clients and investors on Monday, AmericanBankingNews.com reports. Citigroup Inc.’s target price would indicate a potential upside of 26.66% from the company’s current price. Shares of Baidu Inc (ADR) (NASDAQ:BIDU) closed at $172.42 in last trading session. Yesterday share price of the company was traded in the range of $171.25 – $173.90. Baidu Inc (ADR) (NASDAQ:BIDU) price to sales ratio in past twelve months was calculated as 12.89 and price to cash ratio as 8.54. Company now has a market value of $60.34 billion.

Investment analysts at Maxim Group boosted their price objective on shares of Qihoo 360 Technology (NASDAQ:QIHU) from $100.00 to $120.00 in a note issued to investors on Monday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. Maxim Group’s price objective indicates a potential upside of 9.47% from the stock’s previous close. Qihoo 360 Technology Co Ltd (NYSE:QIHU) stock traded in the range of $112.50 – $118.00 and at the end of the day, it closed at $116.10. Average trading volume of the company is $4.22M. Qihoo 360 Technology Co Ltd (NYSE:QIHU) return on equity ratio is recorded as 17.30% and its return on assets is 10.80%.

Sprint Corporation (NYSE:S) stock had its “neutral” rating restated by Zacks in a report released on Friday, AmericanBankingNews.com reports. They currently have a $9.00 price objective on the stock. Zacks‘s price target would suggest a potential upside of 1.93% from the company’s current price. Sprint Corporation (NYSE:S) after opening at $8.99, moved up 4.08% to $4.08% on last trading day. Company’s 52 week range is $5.15 – $11.47.

When Nokia Corporation (ADR) (NYSE:NOK) officially unveiled its X smartphones it was clear the Finnish company intended its new Android lineup to look similar to Lumia Windows Phones. The internals may be on the low-end side, but the hardware design looks just as premium, undoubtedly aided by the funky colors, and the software… well, the homescreen interface resembles the Windows Phone tiles, which is the dead giveaway as far as this writer can tell. Nokia Corporation (ADR) (NYSE:NOK) stock hit highest price at $7.75, beginning with a price of $7.64 and increased 1.45% to the close at $7.70 with day range of $7.64 – $7.75. The total market capitalization of the stock is $28.59 billion.

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