Baidu Stock Price Forecast – BIDU Shares Surges 7% to $118.93 as J.P. Morgan Sets $188 Target
NASDAQ:BIDU Surges 7% as J.P. Morgan Sees 69% Upside — AI Cloud, Kunlun Chips, and Apollo Go Drive Baidu’s Next Phase
Baidu’s Stock Rebounds Strongly on J.P. Morgan Upgrade
NASDAQ:BIDU climbed sharply to $118.93, gaining 7.19% or +$7.98, after J.P. Morgan upgraded the stock to Overweight from Neutral and raised its price target from $110 to $188, implying 69.4% upside. The rally reflects investor confidence in Baidu’s rapid AI expansion, signaling a market rotation from its struggling legacy advertising segment to high-growth AI infrastructure and autonomous mobility. The market capitalization now stands at $38.14 billion, with a P/E of 35.44, as volume surged above 4 million shares.
Revenue Decline Masks Explosive AI Growth
