Baidu's Robotaxi Has been Getting Closer To Scalable Adoption With Unit Economics Breakeven In Sight: Goldman Sachs
BIDUBIDU(BIDU) Benzinga·2024-08-26 23:53

Goldman Sachs analyst Lincoln Kong maintained a Buy rating on Baidu, Inc BIDU with a price target of $129.Kong rerated the stock after hosting an NDR meeting with Baidu’s head of investor relations on August 23.The analyst flagged near-term ad revenue growth as being under pressure due to the ongoing artificial intelligence search renovation initiatives for a better user experience.The AI-cloud revenue is accelerating, with Artificial Intelligence Global Company (AIGC) related contributions taking up a larg ...