Baidu price target raised to $155 from $154 at Goldman Sachs

Goldman Sachs analyst Lincoln Kong raised the firm’s price target on Baidu (BIDU) to $155 from $154 and keeps a Buy rating on the shares. Baidu delivered in-line Q3 results, with cloud strength offsetting ad weakness, and newly highlighted its fast-growing “AI-empowered” businesses, which reached 40% of revenue and grew 50% year over year, the analyst tells investors in a research note. As AI cloud infrastructure, autonomous driving, and AI applications gain share, these segments are positioned to drive sustained growth and margin recovery beginning in Q4 and into 2026, Goldman says.