Baidu Price Target Raised to $150 as Kunlunxin IPO Filed
Tiger Securities raised Baidu’s price target to $150 from $135 and maintained a Buy rating, citing a confidential Hong Kong IPO filing for its 59–60% owned AI chip unit Kunlunxin. The firm also highlights Baidu Cloud’s positioning for accelerated AI adoption in China and rising robotaxi valuations.
1. Price Target Hikes Across Firms
Tiger Securities raised its price target on Baidu to $150 from $135 and kept a Buy rating, while Barclays lifted its target to $147 from $100 and maintained an Equal Weight rating.
2. Kunlunxin IPO Filing
Baidu has confidentially filed for an initial public offering of its AI chip subsidiary Kunlunxin in Hong Kong, planning to retain 59–60% ownership and maintain majority control after the listing.
3. AI Cloud and Robotaxi Catalysts
Analysts point to Baidu Cloud’s strong positioning to capture faster AI adoption across China and foresee potential valuation uplifts in the robotaxi business as investor focus shifts to downstream AI applications.