This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.
Baidu, Inc. Class A (9888) Gets a Hold from Morgan Stanley
In a report released on July 21, from Morgan Stanley maintained a Hold rating on Baidu, Inc. Class A, with a price target of HK$126.75. The company’s shares closed yesterday at HK$107.20.
Claim 55% Off TipRanks
- Unlock powerful investing tools with TipRanks Premium to make smarter, more confident investment decisions
- Subscribe to TipRanks Smart Investor Newsletter, and discover new investing opportunities with data-backed stock picks
Currently, the analyst consensus on Baidu, Inc. Class A is a Strong Buy with an average price target of HK$167.74.
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:
Disclaimer & DisclosureReport an Issue
- Baidu Moves to Dual Primary Listing in Hong Kong and Plans New Share Mandates
- Baidu and 89888 provides update on voluntary conversion of listing status
- Baidu price target lowered to $205 from $230 at JPMorgan
- Unusually active option classes on open July 16th
- Baidu to pursue conversion to dual-primary listing on Hong Kong Stock Exchange
This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
