Guotai Haitong Reaffirms Their Buy Rating on Baidu, Inc. Class A (9888)
Guotai Haitong analyst maintained a Buy rating on Baidu, Inc. Class A on July 17 and set a price target of HK$146.25. The company’s shares closed yesterday at HK$106.50.
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Currently, the analyst consensus on Baidu, Inc. Class A is a Strong Buy with an average price target of HK$168.12, a 57.86% upside from current levels. In a report released on July 17, J.P. Morgan also maintained a Buy rating on the stock with a HK$200.00 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
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