Baidu, Inc. (NASDAQ:BIDU) is one of the AI stocks are making waves on Wall Street. January 2North DakotaJefferies analyst Thomas Chong raised the company’s price target on the stock to $181 from $159 and maintained a “Buy” rating on the stock. The company’s analysts remain constructive on the stock as they see value unlocking potential from the recent listing in Hong Kong, while BIDU retains control.
The tech giant recently announced plans to spin off its AI chip subsidiary, Kunlunxin, and list it in Hong Kong. The company has already filed an application for listing on the Hong Kong Stock Exchange, and the proposed demerger will include a public offering of Kunlunxin shares in Hong Kong for public subscription and share placement.
“Baidu announced the proposed demerger of Kunlunxin (KLX) shares and separate listing on the Main Board of the Hong Kong Stock Exchange. The proposed demerger will be effected through a Global Offering, comprising (a) public offering of Kunlunxin shares in Hong Kong for subscription by the public in Hong Kong; (b) placement of shares to institutional and professional investors.”
Analysts noted that following the completion of this proposed spin-off, KLX will likely remain a subsidiary of Baidu. However, the agreement depends on the approval of the authorities. This deal marks another Baidu upgrade on KLX after the previous one in December 2025.
Baidu, Inc. (NASDAQ:BIDU) is a Chinese internet giant and AI pioneer, known for its notable investments in artificial intelligence technology and its position as the dominant search engine in the country.
While we recognize BIDU’s potential as an investment, we believe certain AI stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
READ NEXT: 10 AI Stocks Investors Are Watching And The 10 Best AI Stocks To Buy Under $50
Disclosure: None.