Aletheia Capital upgrades Baidu (BIDU) to a Buy
Baidu received a Buy rating and price target from Aletheia Capital analyst today.
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In addition to Aletheia Capital, Baidu also received a Buy from China Renaissance’s Ella Ji in a report issued yesterday. However, on January 26, Barclays maintained a Hold rating on Baidu (NASDAQ: BIDU).
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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