Baidu, Inc. Class A (9888) Receives a Buy from First Shanghai Securities

In a report released yesterday, from First Shanghai Securities maintained a Buy rating on Baidu, Inc. Class A, with a price target of HK$176.20.Meet Samuel – Your Personal Investing ProphetStart a conversation with TipRanks’ trusted, data-backed investment intelligence

Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds

Currently, the analyst consensus on Baidu, Inc. Class A is a Strong Buy with an average price target of HK$175.49.

Based on Baidu, Inc. Class A’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of HK$29.4 billion and a net profit of HK$843.38 million. In comparison, last year the company earned a revenue of HK$34.12 billion and had a net profit of HK$5.19 billion