Quick Read – Susquehanna raised Baidu’s (BIDU) price target to $140 from $120 while keeping a Neutral rating, citing AI Cloud strength offset by continued legacy advertising weakness. – Baidu’s reasonable valuation and AI optionality present an opportunity, but shares could…
main rangebound until online marketing declines stabilize. – The analyst who called NVIDIA in 2010 just named his top 10 stocks and Baidu wasn’t one of them. Get them here FREE
Susquehanna raised its price target on Baidu (NASDAQ:BIDU) to $140 from $120 while maintaining a Neutral rating, a price target raise that captures both the bull case and the open questions surrounding the Chinese search and AI giant. The call follows Q1 2026 results released May 18, where AI Cloud momentum collided with continued weakness in legacy advertising. The tension in this call is the story.
If AI Cloud Infra is accelerating so rapidly, why isn’t Baidu stock a Buy? Susquehanna’s answer: declines in the legacy online marketing business continue to offset the AI growth, leaving shares likely rangebound even with an undemanding valuation. For prudent investors, the revised outlook on Baidu stock warrants a closer look.