- Baidu (BIDU, Financial) targets European expansion through its Apollo Go robotaxi service.
- Analysts forecast a 25% upside with an average price target of $113.93.
- GuruFocus estimates suggest a GF Value upside of 31.85%.
Baidu Inc. (BIDU), a leader in AI and internet services, is making strides towards international expansion by planning to extend its Apollo Go robotaxi service to Europe. This strategic move aligns with the company's ambition to broaden its market presence amidst growing competition in its home market. Currently, Baidu is in discussions with Switzerland's PostAuto for a potential rollout, and has plans to introduce 100 robotaxis in Dubai by the end of the year.
Wall Street Analysts' Insights
Wall Street analysts, numbering 31 in total, have set an average one-year price target for Baidu Inc. (BIDU, Financial) at $113.93. This average target reveals a potential upside of 25.07% from the current stock price of $91.09. The projections include a high estimate of $208.87 and a low of $76.32, reflecting varied opinions on the stock's future performance. Investors can access more granular data on these predictions by visiting the Baidu Inc (BIDU) Forecast page.
The consensus among 31 brokerage firms rates Baidu Inc's (BIDU, Financial) stock at an average recommendation of 2.2, which aligns with an "Outperform" status. This rating scale, ranging from 1 to 5, positions a 1 as a Strong Buy and a 5 as a Sell, highlighting analysts' generally positive perspective on Baidu's future potential.
GuruFocus GF Value Assessment
According to GuruFocus's proprietary metrics, the estimated GF Value for Baidu Inc. (BIDU, Financial) stands at $120.10 for the upcoming year. This estimate suggests a notable upside of 31.85% from the stock’s current price of $91.09. The GF Value represents GuruFocus' assessment of the stock’s fair trading value, derived from its historical trading multiples, business growth, and anticipated future performance. For a comprehensive analysis, investors are encouraged to explore further details on the Baidu Inc (BIDU) Summary page.
