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2025-11-24 19:05:12

JPMorgan Upgrades Baidu to Overweight on AI Cloud Growth Potential as Alibaba’s Qwen App Surges

JPMorgan upgraded Baidu to overweight from neutral, raising its price target to $188 from $110, citing strong growth in AI and cloud services expected to drive the company's next phase. Baidu's cloud revenue is projected to accelerate from 23% growth in 2025 to 61% in 2026, fueled by demand for Kunlun AI chips. Analyst Alex [...]

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