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Macquarie Sees “Hidden Value” in Baidu’s (BIDU) AI Pivot, Raises Price Target to $176

Baidu, Inc. (NASDAQ:BIDU) is one of the Hot AI Stocks to Keep on Your Radar. On October 10, Macquarie upgraded the stock to “Outperform” from “Neutral” and raised the price target to 176from176 from 91. The firm stated that it sees “hidden value” in the internet services company, particularly with its transition to diversified revenue streams. The company has been shifting away from its weakening search business because of increased pressure from competition with short-video and social platforms. The company’ ...