Baidu (BIDU) Sees Lower Price Target from Barclays

Baidu Inc. (NASDAQ:BIDU) is among the 10 most undervalued stocks to buy and hold for 10 years. On March 5, Barclays lowered its price target on Baidu Inc. (NASDAQ:BIDU) shares to $128 from $147 while maintaining an Equalweight rating, citing diverging trends between the company’s growing AI-related revenues and declining legacy advertising revenues. Barclays noted that the adoption of AI chatbots has created a substitution effect on traditional search, placing Baidu Inc. (NASDAQ:BIDU) in a position where ...