Baidu Stock (BIDU) Jumps on Upgrade as Price Target Get’s Huge Increase
Baidu’s stock (NASDAQ: BIDU) is trading 2.97% higher in the pre-market session, boosted following a JPMorgan upgrade on BIDU to “Overweight” from “Neutral,” with a huge boost in the price target. The upward shift signals a belief in Baidu’s strategic move towards AI and cloud computing as primary growth drivers.
The price target was raised from $110, to a lofty $188, 64% above where the stock is trading this morning.
JPMorgan’s rationale centers on Baidu’s departure from its traditional advertising-centric model. The financial institution projects a substantial acceleration in Baidu’s cloud revenue growth, estimating an increase from approximately 23% in 2025 to around 61% in 2026.
This surge is expected to be fueled by a…
