Jefferies Upgrades Outlook on Baidu (BIDU) After AI Chip Unit Spinoff Announcement
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…