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SPDB Reaffirms Their Buy Rating on Baidu, Inc. Class A (9888)

Tipranks - Tipranks - Thu Mar 5, 7:02AM CST

In a report released yesterday, from SPDB maintained a Buy rating on Baidu, Inc. Class A, with a price target of HK$190.00. The company’s shares closed today at HK$117.30.

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Baidu, Inc. Class A has an analyst consensus of Strong Buy, with a price target consensus of HK$181.67, a 54.88% upside from current levels. 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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