Macquarie Increases PT on Baidu (BIDU) Stock, Maintains Neutral Rating

From Yahoo Finance: 2025-05-22 18:09:00

Macquarie raised Baidu’s price target from $83 to $85, maintaining a Neutral rating. Strong Q1 2025 results were driven by robust AI cloud demand. Total revenue reached $4.51 billion, exceeding estimates by $207.89 million. AI Cloud revenue soared by 42% year-over-year, accounting for 26% of core revenue.

Baidu’s core search weakness may persist due to ongoing product revamp. Analyst Ellie Jiang highlighted the expanding Robotaxi market beyond China, with Apollo Go service achieving 100% driverless operations in China. Macquarie remains neutral, raising Baidu’s 2025 adjusted EPS by 8% for a stronger AI Cloud segment outlook.

Baidu, Inc. (NASDAQ:BIDU) is a Chinese Internet search and AI cloud service provider, often referred to as the Chinese Google. It operates through the Baidu Core and iQIYI segments.

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