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DBS Reaffirms Their Buy Rating on Baidu (BIDU)

Tipranks - Tipranks - Sat Feb 28, 1:08AM CST

DBS analyst Andy Yu CFA maintained a Buy rating on Baidu today and set a price target of $211.00.

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Yu CFA covers the Technology sector, focusing on stocks such as GDS Holdings Ltd., VNET Group, Inc. Sponsored ADR, and Adobe. According to TipRanks, Yu CFA has an average return of 0.7% and a 37.63% success rate on recommended stocks.

Currently, the analyst consensus on Baidu is a Strong Buy with an average price target of $180.63.

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Based on Baidu’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $31.17 billion and a GAAP net loss of $11.23 billion. In comparison, last year the company earned a revenue of $33.56 billion and had a net profit of $7.63 billion

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