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DBS Sticks to Their Buy Rating for Baidu (BIDU)

Tipranks - Tipranks - Fri Apr 17, 12:38AM CDT

In a report released today, Andy Yu CFA from DBS maintained a Buy rating on Baidu, with a price target of $182.00.

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Yu CFA covers the Technology sector, focusing on stocks such as VNET Group, Inc. Sponsored ADR, GDS Holdings Ltd., and Intuit. According to TipRanks, Yu CFA has an average return of -3.6% and a 30.63% success rate on recommended stocks.

In addition to DBS, Baidu also received a Buy from Macquarie’s Ellie Jiang in a report issued on April 14. However, yesterday, Barclays maintained a Hold rating on Baidu (NASDAQ: BIDU).

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Based on Baidu’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $32.74 billion and a net profit of $1.78 billion. In comparison, last year the company earned a revenue of $34.12 billion and had a net profit of $5.19 billion

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