BofA raised the firm’s price target on Baidu (BIDU) to $151 from $100 and keeps a Buy rating on the shares. The firm noted that Baidu is starting to unveil its rich array of AI-powered assets, adding that Q3 marks the trough level in Baidu Core’s total revenue and adjusted operating income and expects sequential improvement in Q4. BofA remains optimistic on fundamentals in 2026, expecting ad revenue to stabilize, AI cloud to outgrow the industry, robotaxi to expand overseas monetization, margin to recover, and the company to balance investment and cash flow, the analyst tells investors in a research note.
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