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Baidu, Inc. Class A (9888) Receives a Buy from GuoSen

Tipranks - Tipranks - Wed Mar 4, 5:26AM CST

GuoSen analyst maintained a Buy rating on Baidu, Inc. Class A yesterday and set a price target of HK$150.00. The company’s shares closed today at HK$118.50.

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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Baidu, Inc. Class A with a HK$181.03 average price target, representing a 52.77% upside. In a report released on February 27, DBS also maintained a Buy rating on the stock with a HK$200.00 price target.

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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

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