BIDU(US:BIDU) Ge Long Hui·2025-10-15 02:23Core Viewpoint - Daiwa has upgraded Baidu's rating from "Outperform" to "Strategic Buy" and raised the target price from HKD 92 to HKD 158, citing two key catalysts for this change [1] Group 1: Catalysts - The first catalyst is the Baidu World 2025 event scheduled for November 13 [1] - The second catalyst is the third-quarter earnings report at the end of November, which is expected to show improved financial disclosures regarding new business performance [1] Group 2: Company Transformation - Daiwa believes that Baidu is transitioning from a digital marketing company to a technology company, which enhances its growth prospects [1] - The report indicates that limited investor holdings in the company could lead to further stock price increases [1]