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UBS turning more positive on Baidu (BIDU) following Ernie Bot announcement

March 20, 2023 11:01 AM EDT

UBS analyst Wei Xiong maintained a Buy rating and $185 price target on Baidu (NASDAQ: BIDU) in a note to clients on Monday, providing a positive assessment of the company's ChatGPT equivalent product, Ernie Bot.

Baidu hosted a press conference on March 16, unveiling Ernie Bot, emphasizing its domestic leadership... More