Baidu's AI Business Likely to Maintain Near-Term Momentum -- Market Talk

Dow Jones04-02 17:27

0927 GMT - Baidu's AI business is likely maintain a solid momentum in the near term, according to Citi analysts in a research note. Baidu is likely to "commercialize AI through end-to-end cloud services in the Chinese market, which we believe suggests full-stack AI capabilities," they say, after hosting Baidu's management at an event organized by the bank. Citi maintains a buy rating on the stock and a target price of US$188.00 for its ADRs. "We are constructive on Baidu given its undemanding valuation and upside from Kunlunxin spin-off and growth momentum of overseas penetration of robotaxi business," they say. Its ADRs last traded at US$111.90. (tracy.qu@wsj.com)

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April 02, 2026 05:27 ET (09:27 GMT)

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