Baidu's AI Momentum Likely to Continue -- Market Talk
Dow Jones05-20 17:15
0915 GMT - Baidu is likely to maintain its strong AI momentum,Deutsche Bank analysts say in a research note. Baidu delivered strong 1Q results, with revenue and adjusted net income beating consensus by 2% and 5%, respectively, the analysts say. AI momentum is likely to continue to be supported by ongoing rapid, broad-based AI development and robust inference demand. The bank raises its 2026 and 2027 revenue forecasts by 1% and 2%, respectively. Deutsche Bank raises its target price to HK$186.00 from HK$176.00 while keeping a buy rating on the stock. Shares closed at HK$134.20. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
May 20, 2026 05:15 ET (09:15 GMT)
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