Baidu announced that Apollo Go, its autonomous ride-hailing platform, has received Dubai's first driverless vehicle trial permit from the Roads and Transport Authority. The permit allows Apollo Go to operate fully autonomous vehicles on designated public roads without a human safety driver behind the wheel. The driverless vehicle trial permit was formally issued by the RTA during the opening of Apollo Go Park in Dubai, Apollo Go's first facility of its kind outside China. Located in downtown Dubai, the 2,000-square-meter Apollo Go Park is designed as a center for autonomous vehicles, integrating intelligent road infrastructure, charging and maintenance facilities, and related technologies. It is expected to evolve into a central command hub as Apollo Go and the RTA plan to expand the fleet to more than 1,000 fully driverless vehicles in Dubai.
Wall Street analysts forecast BIDU stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for BIDU is 143.83 USD with a low forecast of 92.00 USD and a high forecast of 177.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
19 Analyst Rating
Wall Street analysts forecast BIDU stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for BIDU is 143.83 USD with a low forecast of 92.00 USD and a high forecast of 177.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Buy
5 Hold
1 Sell
Moderate Buy
Current: 146.420
Low
92.00
Averages
143.83
High
177.00
Current: 146.420
Low
92.00
Averages
143.83
High
177.00
Jefferies
Thomas Chong
Buy
maintain
$159 -> $181
2026-01-02
Reason
Jefferies
Thomas Chong
Price Target
$159 -> $181
2026-01-02
maintain
Buy
Reason
Jefferies analyst Thomas Chong raised the firm's price target on Baidu to $181 from $159 and keeps a Buy rating on the shares after the company announced the proposed spin-off of Kunlunxin shares and separate listing on the Hong Kong exchange. Jefferies estimates Kunlunxin's valuation will be between $16B and $23B. This implies a valuation to Baidu of $9B-$13B, considering its stake in the unit, the analyst tells investors in a research note. The firm believes the spinoff "aims to showcase" Kunlunxin's value and "unlocks" Baidu's value in the artificial intelligence powered business.
Citi
Buy
maintain
$181
2025-12-07
Reason
Citi
Price Target
$181
2025-12-07
maintain
Buy
Reason
Citi opened a "90-day positive catalyst watch" on Baidu while keeping a Buy rating on the shares with a $181 price target after meeting with management. The firm believes better disclosure around its artificial intelligence-driven revenue along with Ernie model investments will unlock additional value in Baidu shares. Citi sees investors gaining confidence in the company's operational outlook and ways to unlock value in its assets.
JPMorgan
Neutral -> Overweight
upgrade
$110 -> $188
2025-11-24
Reason
JPMorgan
Price Target
$110 -> $188
2025-11-24
upgrade
Neutral -> Overweight
Reason
JPMorgan upgraded Baidu to Overweight from Neutral with a price target of $188, up from $110. The company's "narrative is shifting" as cloud and artificial intelligence are now set to become its primary growth engines and value drivers, the analyst tells investors in a research note. The firm estimates Baidu's cloud revenue growth can accelerate to 61% in 2026 from 23% in 2025. The market is underestimating the company's transformation, contends JPMorgan.
BofA
NULL -> Buy
maintain
$100 -> $151
2025-11-19
Reason
BofA
Price Target
$100 -> $151
2025-11-19
maintain
NULL -> Buy
Reason
BofA raised the firm's price target on Baidu to $151 from $100 and keeps a Buy rating on the shares. The firm noted that Baidu is starting to unveil its rich array of AI-powered assets, adding that Q3 marks the trough level in Baidu Core's total revenue and adjusted operating income and expects sequential improvement in Q4. BofA remains optimistic on fundamentals in 2026, expecting ad revenue to stabilize, AI cloud to outgrow the industry, robotaxi to expand overseas monetization, margin to recover, and the company to balance investment and cash flow, the analyst tells investors in a research note.
About BIDU
Baidu Inc is a Chinese language Internet search provider. The Company operates its businesses through two segments, Baidu Core segment and iQIYI segment. Baidu Core segment mainly provides search-based, feed-based, and other online marketing services, as well as products and services from the Company’s new artificial intelligence (AI) initiatives, such as display advertisement and based on performance criteria other than cost-per-click, cloud services, smart devices and services, non-marketing consumer-facing services such as membership, and intelligent driving. iQIYI segment produces, aggregates and distributes a wide variety of professionally produced content, as well as a broad spectrum of other video content, in a variety of formats, including a variety of products and services encompassing online video, online games, online literature, comics and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
