Baidu, Inc. Class A (9888) Gets a Buy from Citi

In a report released on July 14, from Citi maintained a Buy rating on Baidu, Inc. Class A, with a price target of HK$172.58. The company’s shares closed yesterday at HK$106.00.

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Currently, the analyst consensus on Baidu, Inc. Class A is a Strong Buy with an average price target of HK$173.19, implying a 63.39% upside from current levels. In a report released on July 14, Jefferies also maintained a Buy rating on the stock with a HK$170.00 price target.

Based on Baidu, Inc. Class A’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of HK$31.79 billion and a net profit of HK$3.41 billion. In comparison, last year the company earned a revenue of HK$32.45 billion and had a net profit of HK$7.72 billion