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SPDB Keeps Their Buy Rating on Baidu, Inc. Class A (9888)

Tipranks - Tipranks - Sun Apr 19, 1:44AM CDT

SPDB analyst maintained a Buy rating on Baidu, Inc. Class A yesterday and set a price target of HK$180.00. The company’s shares closed yesterday at HK$121.90.

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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$167.06 average price target, implying a 37.05% upside from current levels. In a report released on April 16, 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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