Nomura Boosts Baidu Price Target to $178 on Positive Outlook

Equities research firm Nomura significantly raised its price target on Baidu shares to $178.00 from a previous $140.00. The firm maintained a "buy" rating on the stock, citing growing optimism in the company's prospects.

The new target suggests a potential upside of approximately 18.9% from the stock's last closing price.

This positive revision follows other recent analyst commentary. UBS also increased its target price for Baidu’s Hong Kong-listed shares to HKD175. UBS cited the value-unlocking potential of the planned IPO for its AI chip unit, Kunlunxin.

According to MarketBeat, Baidu holds a consensus rating of "Moderate Buy" among analysts.