Baidu, Inc. (NASDAQ:BIDU) is one of the AI Stocks Analysts Are Backing Right Now. On September 2, Susquehanna analyst Shyam Patel raised the price target on the stock to $95.00 (from $85.00) while maintaining a Neutral rating.
The firm highlighted mixed 2Q results, with weakness in the online marketing business due to continued monetization headwinds from the transition to AI-powered search. However, the management remains optimistic about the long-term potential of AI search monetization.
“BIDU reported mixed 2Q results, with weakness in the online marketing business as it continues to face monetization headwinds from the transition to AI-powered search, though the company saw solid momentum in AI cloud.”
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“Despite the near-term headwinds from AI-powered search, management remained optimistic about the long-term potential for AI search monetization. While the valuation remains undemanding, we believe the stock is likely to remain rangebound, leading us to maintain our Neutral rating.”
Baidu, Inc. is a Chinese internet giant and AI pioneer, known for its noteworthy investments in artificial intelligence technology and its position as the dominant search engine within the country.
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