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J.P. Morgan Reaffirms Their Buy Rating on Baidu, Inc. Class A (9888)

Tipranks - Tipranks - Thu Mar 5, 6:30PM CST

In a report released on March 3, Alex Yao from J.P. Morgan maintained a Buy rating on Baidu, Inc. Class A, with a price target of HK$195.00. The company’s shares closed yesterday at HK$117.30.

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According to TipRanks, Yao is ranked #3323 out of 12083 analysts.

Currently, the analyst consensus on Baidu, Inc. Class A is a Strong Buy with an average price target of HK$182.09, implying a 55.23% 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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