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GF Securities Sticks to Its Buy Rating for Baidu, Inc. Class A (9888)

Tipranks - Tipranks - Sat Apr 18, 7:04AM CDT

GF Securities analyst maintained a Buy rating on Baidu, Inc. Class A yesterday and set a price target of HK$170.00. The company’s shares closed today at HK$123.30.

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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Baidu, Inc. Class A with a HK$167.73 average price target, representing a 36.03% upside. In a report released yesterday, DBS also maintained a Buy rating on the stock with a HK$177.00 price target.

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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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