Yahoo Financeยท2025-09-26 00:00Core Insights - Baidu, Inc. has been identified as a prominent AI stock on Wall Street, with Goldman Sachs raising its price target to $154.00 from $90.00 while maintaining a Buy rating, indicating a positive outlook despite anticipated declines in core profits [1] - Analysts are shifting focus towards Baidu's rapidly growing non-search businesses, particularly in cloud and AI sectors, which are expected to drive future revenue growth [2] - Non-search revenue is projected to constitute 54% of Baidu's core revenue by 2027, with cloud services accounting for 36%, highlighting the company's strategic pivot towards these high-growth areas [3] Business Developments - Baidu's Apollo Robotaxi initiative is gaining traction, with expectations of faster fleet rollout, reduced costs, and significant global expansion potential, contributing to a more favorable outlook for the company [2][3] - The company is enhancing shareholder value through proactive measures such as buybacks and dividends, which are reflected in the valuation adjustments [3] Financial Projections - The target multiple for Baidu has been raised to 5X Price/Sales (P/S) to align with growth potential and peer group valuations, indicating confidence in the company's future performance [3]