Baidu (BIDU) Gets Major Upgrade as Analysts See Strength in AI Cloud and Apollo Go

Baidu, Inc. (NASDAQ:BIDU) is one of the Trending AI Stocks on Wall Street. On November 7, Deutsche Bank upgraded the stock to “Buy” from Hold with a price target of $160, up from $90. The firm believes that the China tech company is well positioned for artificial intelligence.

“Baidu has established a set of leading AI businesses spanning cloud computing, robotaxis, intelligent search, and AI chips.”

According to analysts, Baidu AI Cloud is growing rapidly, and Apollo Go has also become a global leader in robotaxi platforms. They also believe that AI is driving the next phase of Baidu’s growth.

While Deutsche Bank’s price target for Baidu, Inc. (NASDAQ:BIDU) suggests an upside of 21%, the stock’s average price target implies a 7% upside, from current levels. The stock sports a consensus Moderate Buy rating.

Baidu, Inc. (NASDAQ:BIDU) is a Chinese internet giant and AI pioneer, known for its noteworthy investments in artificial intelligence technology and its position as the dominant search engine within the country.

While we acknowledge the potential of BIDU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.