Baidu is on the rise! Strong recommendation from Deutsche Bank.

Baidu, Inc. (NASDAQ: BIDU) is one of the Artificial Intelligence stocks that stand out on Wall Street. Deutsche Bank, on November 7, upgraded the stock from 'Hold' to 'Buy' and set a price target of $160; a significant increase from $90.

The firm argues that the Chinese tech giant is well-positioned for artificial intelligence. It stated, 'Baidu has developed leading business areas such as cloud computing, robo-taxis, smart search, and AI chips.'

According to analysts, Baidu AI Cloud is growing rapidly, and Apollo Go has become a global leader in the robo-taxi platforms. Artificial intelligence is thought to be driving the next phase of Baidu’s growth.

Deutsche Bank's price target indicates a potential increase of 21% for Baidu, Inc. (NASDAQ: BIDU), although the average price target for the stock forecasts a 7% rise from current levels. The stock has an average rating of 'Moderate Buy.'

Baidu, Inc. is known as the dominant search engine in China, recognized for its significant investments in artificial intelligence technology.

While acknowledging BIDU's potential as an investment, we believe that some AI stocks offer greater upside potential and carry lower downside risk. If you're looking for a low-valued AI stock expected to benefit from the return of jobs onshore due to Trump-era tariffs, you can check out our free report on the best short-term AI stocks.