Baidu, the Communication Services sector company, was revisited by a Wall Street analyst today. Analyst Alicia Yap from Citi maintained a Buy rating on the stock and has a $166.00 price target.
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Alicia Yap’s rating is based on Baidu’s strategic advancements in artificial intelligence and its promising future prospects. The company showcased significant developments during the Baidu World 2025 Conference, particularly highlighting the upgrade of Ernie 5.0 and the introduction of new Kunlun chips. These chips are expected to enhance Baidu’s internal operations and offer substantial benefits to enterprise clients across various sectors, including finance, energy, and education.
Baidu’s transformation of its search engine into a multimedia-first AI platform and its progress with digital human technology further bolster its position in the AI landscape. The company’s efforts to redefine search results and expand its digital human platform globally, starting with markets like Brazil, SEA, and the US, demonstrate its commitment to innovation. Additionally, the AI coding agent Miaoda has already facilitated the creation of numerous applications, indicating a strong potential for future growth. These factors collectively contribute to Alicia Yap’s Buy rating for Baidu.
In another report released on November 6, Deutsche Bank also upgraded the stock to a Buy with a $160.00 price target.