Susquehanna: Baidu’s AI Strength Encouraging, Yet Stock Likely to Stay Rangebound

Baidu, Inc. (NASDAQ:BIDU) is one of the AI Stocks on the Market’s Radar. On November 24, Susquehanna raised its price target on the stock to $110.00 from $95.00, while maintaining a Neutral rating. The firm sees Baidu’s AI traction as promising, but cautions that near-term financial headwinds can limit upside. According to the firm, Baidu’s third-quarter results revealed continued weakness in their online marketing business. However, the weakness was partially offset by strength across its artificial inte ...