Baidu’s stock price surged over 11% after receiving a substantial price target raise from Jefferies analyst Thomas Chong to $157 per ADR. Chong praised Baidu’s embrace of AI technology and partnerships, highlighting its potential for growth. This positive outlook followed a previous rating upgrade from Arete analyst Richard Kramer.

Despite the recent bullish analyst updates, investors may want to consider other stocks as Baidu did not make the Motley Fool’s list of top 10 stocks to buy now. The list, which has historically produced significant returns, could offer better investment opportunities than Baidu. Stock Advisor boasts an impressive average return of 1,056%, far surpassing the S&P 500’s 189%.

Read more at Yahoo Finance: Why Baidu Stock Zoomed 11% Higher Today