Baidu (BIDU) PT Raised to $157 at Jefferies

Jefferies analyst Thomas Chong raised the price target on Baidu (NASDAQ: BIDU) to $157.00 (from $108.00) while maintaining a Buy rating.

The analyst comments: "Baidu attracts attention with its recent developments in AI, such as: (a) signings large customers on AI cooperation; (b) being ranked a key player in terms of market share in AI Cloud revenue and penetration at large customers; (c) Kunlun chip development. AI agents and digital human undergoing rapid sequential growth and Apollo Go expanding overseas. In our view, the focus on user experience in AI search transformation is reflected in the share price."

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