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Citi Keeps Their Buy Rating on Baidu, Inc. Class A (9888)
Citi analyst maintained a Buy rating on Baidu, Inc. Class A on April 13 and set a price target of HK$181.35. The company’s shares closed yesterday at HK$107.40.
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Currently, the analyst consensus on Baidu, Inc. Class A is a Strong Buy with an average price target of HK$169.46.
Based on Baidu, Inc. Class A’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of HK$29.4 billion and a net profit of HK$843.38 million. In comparison, last year the company earned a revenue of HK$34.12 billion and had a net profit of HK$5.19 billion
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