Guotai Haitong Remains a Buy on Baidu, Inc. Class A (9888)
In a report released on January 23, from Guotai Haitong maintained a Buy rating on Baidu, Inc. Class A, with a price target of HK$178.00.
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In addition to Guotai Haitong, Baidu, Inc. Class A also received a Buy from DBS’s Andy Yu CFA in a report issued on January 20. However, on the same day, TipRanks – OpenAI reiterated a Hold rating on Baidu, Inc. Class A (HKEX: 9888).
Based on Baidu, Inc. Class A’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of HK$31.17 billion and a GAAP net loss of HK$11.23 billion. In comparison, last year the company earned a revenue of HK$33.56 billion and had a net profit of HK$7.63 billion
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