Baidu's Robotaxi Has been Getting Closer To Scalable Adoption With Unit Economics Breakeven In Sight: Goldman Sachs
Portfolio Pulse from Anusuya Lahiri
Goldman Sachs analyst Lincoln Kong maintains a Buy rating on Baidu (NASDAQ:BIDU) with a $129 price target. Baidu's AI-cloud revenue is accelerating, and its autonomous driving is nearing breakeven. However, ad revenue growth faces pressure due to AI search renovations.

August 26, 2024 | 3:53 pm
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Goldman Sachs analyst Lincoln Kong maintains a Buy rating on Baidu with a $129 price target. Baidu's AI-cloud revenue is accelerating, and its autonomous driving is nearing breakeven. However, ad revenue growth faces pressure due to AI search renovations.
The Buy rating and price target from Goldman Sachs are positive signals for Baidu's stock. The acceleration in AI-cloud revenue and progress in autonomous driving towards breakeven are positive developments. However, the pressure on ad revenue growth due to AI search renovations is a concern. Overall, the positive aspects outweigh the negatives, suggesting a likely short-term positive impact on the stock price.
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