In a report released today, Miranda Zhuang from Bank of America Securities maintained a Buy rating on Baidu, with a price target of $180.00.
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Miranda Zhuang has given his Buy rating due to a combination of factors, including management’s confidence in Baidu’s multi-pronged artificial intelligence strategy and the company’s disciplined approach to capital deployment. She highlights management’s plan to accelerate growth in AI cloud infrastructure and applications, scale the robotaxi business domestically and overseas, and enhance the AI-powered search offering while structurally upgrading its foundation model organization.
Zhuang also points to Baidu’s track record in delivering on value-unlocking initiatives and sees further upside from clearer disclosure and monetization of assets such as Kunlunxin and robotaxi, alongside ongoing buybacks and dividends. In her view, the strong growth profile of GPU-based cloud and chips, Baidu’s competitive positioning in full-stack AI infrastructure, and an attractive 2026 valuation multiple with identifiable catalysts together support a positive risk‑reward, despite competitive risks in AI traffic.
In another report released on March 2, CMB International Securities also maintained a Buy rating on the stock with a $161.70 price target.