On July 8, Baidu Group-SW rose 3.35% in regular trading, trading at HK$113.9/share, with turnover of HK$154 million.

On the news front, Macquarie recently published a research note raising Baidu's target price from HK$169 to HK$181, maintaining its Outperform rating. The broker highlighted that Baidu's subsidiary Kunlun Chip is projected to achieve FY2026 revenue growth of over 100% year-over-year to approximately RMB 8.5 billion, with steadily expanding margins. Macquarie assigns Kunlun Chip a valuation of approximately US$48 billion, with Baidu's 59% stake equivalent to US$82.5 per share in equity value, expecting significant value release post-listing.

Additionally, nine investment banks have issued buy ratings on Baidu over the past 90 days, with an average target price of HK$171.03, reflecting sustained market optimism around Baidu's AI transformation and the valuation re-rating tied to the Kunlun Chip spin-off IPO, which targets a valuation of approximately US$50 billion upon its planned Hong Kong listing.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)