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Jefferies Sticks to Its Buy Rating for Baidu (BIDU)

Tipranks - Tipranks - Sun Mar 1, 8:36AM CST

In a report released yesterday, Thomas Chong from Jefferies maintained a Buy rating on Baidu, with a price target of $181.00. The company’s shares closed yesterday at $124.44.

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According to TipRanks, Chong is a 5-star analyst with an average return of 12.4% and a 53.44% success rate. Chong covers the Communication Services sector, focusing on stocks such as Baidu, Baidu, Inc. Class A, and Netease Inc.

Currently, the analyst consensus on Baidu is a Strong Buy with an average price target of $183.33, a 47.32% upside from current levels. In a report released today, TipRanks – PerPlexity also upgraded the stock to a Buy with a $138.00 price target.

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Based on Baidu’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $32.74 billion and a net profit of $1.78 billion. In comparison, last year the company earned a revenue of $34.12 billion and had a net profit of $5.19 billion

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