Morgan Stanley Reaffirms Their Hold Rating on Baidu, Inc. Class A (9888)
In a report released on February 26, from Morgan Stanley maintained a Hold rating on Baidu, Inc. Class A, with a price target of HK$146.25. The company’s shares closed yesterday at HK$123.40.
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Currently, the analyst consensus on Baidu, Inc. Class A is a Strong Buy with an average price target of HK$184.53.
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
Read More on HK:9888:
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