Cheng Cheng

Shares of 21Vianet Group Inc (NASDAQ: VNET) rose more than 7 percent on Thursday, prompting one analyst to downgrade the name. Cheng Cheng of Pacific Crest downgraded 21 Vianet to Sector Weight from Overweight with no assigned price target (previous price target of $24) following the company...

In a report published Tuesday, Pacific Crest analyst Cheng Cheng downgraded the rating on Baidu Inc (ADR) (NASDAQ: BIDU) to Sector Weight. The analyst believes that the transition to O2O is leading to margin and revenue growth headwinds. "O2O may be the better long-term course for Baidu,...

Pacific Crest analyst Cheng Cheng recently returned from a trip from China, during which Pacific Crest analysts met with representatives from various Internet companies to discuss the current environment in China. While economic headlines out of the country have been turbulent as of late, Cheng...

From lawsuits to mergers, Internet stocks were busy last week. Find out what analysts are saying about 3 of the most popular Internet stocks: Google Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) The European Union formally accused Google of antitrust violations, claiming the search engine favors its own...

In a report published Tuesday, Pacific Crest analyst Cheng Cheng came away from a recent China Internet trip with positive commentary on two specific companies: Baidu Inc (ADR) (NASDAQ: BIDU) and Qunar Cayman Islands Ltd (NASDAQ: QUNR). Baidu: Robust Search Advertising Outlook According to Cheng's...

Speculation that eBay Inc (NASDAQ: EBAY) could be acquired by Alibaba Group Holding Ltd (NYSE: BABA) is far fetched, an analyst said on Tuesday, February 10. Rumor Isn't New Market chatter surfaced earlier in the day with similar speculation occasionally voiced at least since September...

In a report published Wednesday, Pacific Crest Securities analyst Cheng Cheng initiated coverage on Alibaba Group Holding Ltd (NYSE: BABA) with an Outperform rating and $125.00 price target. In the report, Pacific Crest Securities noted, “Alibaba is the world's largest e-commerce company measured...

In a report published Wednesday, Pacific Crest Securities analyst Cheng Cheng reiterated an Outperform rating on Perfect World Co. Ltd. (NASDAQ: PWRD), and raised the price target from $24.00 to $26.00. In the report, Pacific Crest Securities noted, “Q2 revenue of $149.6 million was slightly higher...

In a report published Friday, Pacific Crest Securities analyst Cheng Cheng reiterated an Outperform rating on 58.com (NYSE: WUBA), but lowered the price target from $58.00 to $55.00. In the report, Pacific Crest Securities noted, “WUBA issued strong Q1 results and Q2 guidance. While spending is...

In a report published Thursday, Pacific Crest Securities analyst Cheng Cheng reiterated an Outperform rating on SINA Corporation (NASDAQ: SINA), but lowered the price target from $88.00 to $75.00. In the report, Pacific Crest Securities noted, “Although the impact from the regulatory situation is...

In a report published Tuesday, Pacific Crest Securities analyst Cheng Cheng reiterated an Outperform rating on Perfect World Co. Ltd. (NASDAQ: PWRD), but lowered the price target from $28.00 to $24.00. In the report, Pacific Crest Securities noted, “On a constant-currency basis, Q1 revenue of 891...