BIDU - Baidu's AI Focus Expected To Drive Stable Margins And Revenue Boost Analyst Foresees Growth | Benzinga
Goldman Sachs analyst Lincoln Kong reiterated a Buy rating on Baidu, Inc (NASDAQ: BIDU) with a price target of $174.
Also Read: Baidu Q3: 6% Topline Growth, Prioritizing AI Investments, ERNIE 4.0 Launch & More
During his China Internet trip, Kong hosted investors with Baidu's Investor Relations team in Beijing on November 29.
Given the incremental AI investment and Baidu's ongoing cost discipline, investors focus on the 4Q23 ad and cloud outlook, long-term AI monetization roadmap, and margin ...