Freedom Capital Markets Lifts Baidu (BIDU) Price Target, Maintains Buy Rating

Baidu, Inc. (NASDAQ:BIDU) is one of the AI Stocks Gaining Attention on Wall Street. On January 7, Freedom Capital Markets analyst Roman Lukianchikov raised the price target on the stock to $160.00 (from $120.00) while maintaining a “Buy” rating. Firm analysts see positive signs from Baidu’s transformation efforts despite near-term margin pressure. Analyst Roman Lukianchikov discussed how Baidu delivered quarterly results that generally surpassed expectations. The company’s ongoing transformation, which h ...