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J.P. Morgan Sticks to Its Buy Rating for Baidu (BIDU)

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

In a report released yesterday, Alex Yao from J.P. Morgan maintained a Buy rating on Baidu, with a price target of $200.00. The company’s shares closed yesterday at $124.44.

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According to TipRanks, Yao is a 4-star analyst with an average return of 5.8% and a 46.91% success rate.

In addition to J.P. Morgan, Baidu also received a Buy from TipRanks – PerPlexity’s PerPlexity Internet Content and Information in a report issued today. However, on the same day, TipRanks – OpenAI reiterated a Hold rating on Baidu (NASDAQ: BIDU).

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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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