Wall Street analysts are starting to sound noticeably more confident about Chinese tech stock Baidu (BIDU). Indeed, as Baidu’s AI strategy becomes more visible in its financial results, several major banks believe that the company is approaching a turning point, with improving fundamentals and clearer growth drivers heading into 2026.
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Baidu’s Low Point Has Passed
To begin with, Bank of America (BAC), led by Miranda Zhuang, recently raised its price target on Baidu to $151 from $100 and kept a Buy rating. The firm said that Baidu is beginning to show its wide lineup of AI-powered assets and believes that the third quarter was the low point for Baidu Core revenue and adjusted operating income.
From there, BofA expects steady improvement, driven by stabilizing ad revenue, cloud growth that outpaces the industry, increased monetization from robotaxi services, and recovering margins. The bank also expects Baidu to better balance heavy AI investment with stronger cash flow.
90-Day Positive Catalyst Watch
Other firms share a similarly upbeat view. For instance, Citi’s (C) four-star-rated Alicia Yap placed Baidu on a 90-day positive catalyst watch while maintaining a Buy rating and a $181 price target due to AI-driven revenue growth and continued investment in the Ernie model.
JPMorgan (JPM) went further by upgrading Baidu to Buy and lifting its price target to $188. Four-star analyst Alex Yao argued that the company’s story is moving toward cloud and autonomous driving as its main growth engines. As a result, JPMorgan estimates that cloud revenue growth could accelerate sharply in 2026 and believes the market is still underestimating the potential of Baidu’s transformation.
Is BIDU Stock a Good Buy?
Turning to Wall Street, analysts have a Strong Buy consensus rating on BIDU stock based on 12 Buys, two Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average BIDU price target of $156.12 per share implies 20.7% upside potential.
