GuoSen Keeps Their Buy Rating on Baidu, Inc. Class A (9888)
In a report released yesterday, from GuoSen maintained a Buy rating on Baidu, Inc. Class A, with a price target of HK$165.00. The company’s shares closed today at HK$126.50.
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Currently, the analyst consensus on Baidu, Inc. Class A is a Strong Buy with an average price target of HK$175.49, implying a 38.73% upside from current levels. In a report released on May 19, Jefferies also maintained a Buy rating on the stock with a HK$179.00 price target.
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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