Nvidia's Approval for H200 Sales: Nvidia has received U.S. government approval to sell its advanced H200 AI chips to China, but the Chinese government may restrict local companies from purchasing them, despite potential demand due to supply shortages.
China's Semiconductor Self-Sufficiency: China is focused on developing its own semiconductor capabilities and reducing reliance on American technology, with local companies like Huawei and Alibaba racing to create competitive AI products.
Market Dynamics and Competition: The H200 chip is more advanced than the previously restricted H20, making it attractive to Chinese tech firms; however, domestic alternatives still lag in performance, creating a complex market dynamic.
Long-term Implications for China: Despite short-term opportunities for Nvidia, China's long-term strategy emphasizes self-reliance in technology, suggesting that reliance on U.S. chips will not be sustainable in the future.
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 160.67 USD with a low forecast of 100.00 USD and a high forecast of 215.00 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 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 160.67 USD with a low forecast of 100.00 USD and a high forecast of 215.00 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.
11 Buy
2 Hold
0 Sell
Strong Buy
Current: 162.520
Low
100.00
Averages
160.67
High
215.00
Current: 162.520
Low
100.00
Averages
160.67
High
215.00
Morgan Stanley
Gary Yu
Equal Weight
maintain
$130 -> $150
2026-01-20
New
Reason
Morgan Stanley
Gary Yu
Price Target
$130 -> $150
AI Analysis
2026-01-20
New
maintain
Equal Weight
Reason
Morgan Stanley analyst Gary Yu raised the firm's price target on Baidu to $150 from $130 and keeps an Equal Weight rating on the shares. The firm lowered its 2025 and 2026 core revenue estimates to 0% and 5%, reflecting weaker ads, but nudged up its core operating profit estimate for 2026 by 2% as it expects more savings from organizational restructuring and further depreciation savings from asset impairment.
Freedom Capital
Buy
maintain
$120 -> $160
2026-01-07
Reason
Freedom Capital
Price Target
$120 -> $160
2026-01-07
maintain
Buy
Reason
Freedom Capital raised the firm's price target on Baidu to $160 from $120 and keeps a Buy rating on the shares. The company's transformation continues, and the scaling of some of its less unprofitable initiatives may drive a recovery in profitability over the medium term, the analyst tells investors in a research note.
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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.
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.
