Baidu (BIDU) Sees Lower Price Target from Barclays

Barclays has lowered its price target for Baidu (BIDU) to $128 from $147, maintaining an Equalweight rating. This revision is driven by diverging trends where Baidu’s AI-related revenues are growing but are offset by declining legacy advertising revenues due to AI chatbot adoption. Despite concerns about advertising monetization, Barclays noted positive technical performance from Kunlun, a Baidu-owned chip company.

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