BUZZ-US-listed shares of Baidu rise; Benchmark lifts PT

Reuters01-13
BUZZ-US-listed shares of <a href="https://laohu8.com/S/09888">Baidu</a> rise; Benchmark lifts PT

** U.S.-listed shares of Chinese tech giant Baidu BIDU.O rise 6.2% to $152.45

** Brokerage Benchmark raises PT on BIDU to $215 from $158, implying ~50% upside to stock's last close

** Benchmark views the upcoming Kunlun spinoff as a major catalyst; says Kunlun is well-positioned to broaden its customer base across industries

** Brokerage says BIDU's Kunlun chips add an additional layer of pricing flexibility and competitiveness to its cloud offerings

** "Baidu’s integrated chips + cloud strategy provides further potential for margin upside versus pure-play cloud providers," Benchmark says

** Benchmark says BIDU's robotaxi service, Apollo Go, continues to narrow gap with Alphabet-owned GOOGL.O Waymo, with weekly fully driverless rides reaching about 250k as of October 2025

** 25 of 33 brokerages recommend rating of "buy" or higher, 7 "hold" and 1 "sell"; stock has a median PT of $159, according to LSEG-compiled data

** BIDU gained ~55% in 2025

(Reporting by Arnav Mishra in Bengaluru)

((Arnav.Mishra@thomsonreuters.com;))

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