Baidu, Inc. Class A (9888) Gets a Buy from J.P. Morgan
In a report released on July 17, Alex Yao from J.P. Morgan maintained a Buy rating on Baidu, Inc. Class A, with a price target of HK$200.00. The company’s shares closed yesterday at HK$106.50.
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According to TipRanks, Yao is a 3-star analyst with an average return of 2.4% and a 41.05% success rate. Yao covers the Communication Services sector, focusing on stocks such as Baidu, Tencent Music Entertainment Group, and Autohome Inc Class A.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Baidu, Inc. Class A with a HK$168.12 average price target, representing a 57.86% upside. 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
Read More on HK:9888:
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