5 Stocks That Could 10X Over the Next 5 Years

2. Baidu, Inc. (NASDAQ:BIDU)

Baidu, Inc. (NASDAQ:BIDU) ranks among the stocks that could 10x over the next 5 years. On March 18, Morgan Stanley maintained an Equalweight rating on Baidu, Inc. (NASDAQ:BIDU) with a $135 price target. The adjustment came after Baidu Cloud declared a 5% to 30% price increase for its AI computing services, as well as a 30% hike for file storage and affiliated services.

Morgan Stanley attributed the price increases to strong interest in China’s AI division and elevated costs in the AI supply chain. The firm believes this indicates that cloud service providers have significant pricing power, which drives stronger cloud revenue growth.

That said, Barclays reduced its price target for Baidu, Inc. (NASDAQ:BIDU) to $128 from $147 while keeping an Equalweight rating on the company’s shares. This shift is driven by worries regarding AI monetization, as shown by the contrasting trends in Baidu’s AI-related revenue growth and declining standard advertising revenues.

Baidu, Inc. (NASDAQ:BIDU), a leading Chinese technology company, manages China’s largest internet search engine. The company has also expanded into AI-driven initiatives that include self-driving technology.