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Macquarie Sees "Hidden Value" in Baidu's (BIDU) AI Pivot, Raises Price Target to $176

By Yahoo! Finance   |   1 month ago
Macquarie Sees "Hidden Value" in Baidu's (BIDU) AI Pivot, Raises Price Target to $176

Baidu, Inc. (NASDAQ:BIDU) upgraded by Macquarie to "Outperform" with a price target increase to $176. The company is shifting focus to AI cloud services, robotaxis, and chips for future growth amidst declining core advertising revenue.

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