Baidu, Inc. (NASDAQ:BIDU) on Tuesday announced a significant partnership with Uber Technologies, Inc. (NYSE:UBER) to bring its Apollo Go autonomous ride-hailing service to Dubai.
Baidu and Uber’s Strategic Dubai Launch
Baidu and Uber revealed plans to integrate the Apollo Go service into the Uber platform in Dubai, with a launch expected in the coming month.
This partnership aims to leverage Uber’s extensive network to enhance consumer access to autonomous technology, aligning with Dubai’s goal of having 25% of all transportation trips be autonomous by 2030.
The Apollo Go service has already logged over 240 million autonomous kilometers globally, with more than 140 million kilometers completed in fully driverless mode.
This expansion follows a recent announcement to bring the service to London, showcasing Baidu’s commitment to scaling its autonomous operations internationally.
Baidu’s Stock Performance and Technical Indicators
Currently, Baidu’s stock is trading 2.8% below its 20-day simple moving average (SMA) but is 11.7% above its 100-day SMA, demonstrating longer-term strength. Shares have increased 56.60% over the past 12 months and are currently positioned closer to their 52-week highs than lows.
The RSI is at 51.79, which is considered neutral territory. Meanwhile, MACD is below its signal line, indicating bearish pressure on the stock.
The combination of neutral RSI and bearish MACD suggests mixed momentum.
- Key Resistance: $165.50
- Key Support: $121.50
Baidu’s Market Position and Growth Initiatives
Baidu is the largest internet search engine in China, with over 50% share of the search engine market in 2024, per web analytics firm Statcounter.
The partnership with Uber to expand its autonomous ride-hailing service is a significant step for Baidu, showcasing its commitment to innovation and leadership in the autonomous driving sector.
This move not only enhances Baidu’s service offerings but also positions the company strategically in the rapidly evolving transportation landscape.
Baidu’s Financial Outlook and Analyst Ratings
Baidu, Inc. is slated to provide its next financial update on February 26, 2026.
- EPS Estimate: $1.12 (Down from $2.63 YoY)
- Revenue Estimate: $4.68 billion (Up from $4.67 billion YoY)
- Valuation: P/E of 13.1x (Indicates value opportunity)
Analyst Consensus & Recent Actions:
The stock carries a Buy Rating with an average price target of $144.18. Recent analyst moves include:
- Barclays: Equal-Weight (Raises Target to $147.00) (Jan. 26)
- Freedom Capital Markets: Buy (Raises Target to $160.00) (Jan. 7)
- Jefferies: Buy (Raises Target to $181.00) (Jan. 2)
Valuation Insight: While the stock trades at a value P/E multiple, the strong consensus and rising estimates suggest analysts view the growth prospects as justification for the current valuation.
Baidu’s Benzinga Edge Scorecard Analysis
Below is the Benzinga Edge scorecard for Baidu, highlighting its strengths and weaknesses compared to the broader market:
- Value: Strong (Score: 92.76) — Indicates solid value relative to peers.
- Quality: Weak (Score: 1.58) — Suggests concerns regarding the company’s financial health.
- Momentum: Strong (Score: 91.93) — Stock is outperforming the broader market.
The Verdict: Baidu’s Benzinga Edge signal reveals a strong momentum score, indicating that the stock is currently outperforming the market. However, the low quality score suggests that investors should remain cautious about the company’s overall financial health.
ETFs Heavily Invested in Baidu
- KraneShares 2x Long BIDU Daily ETF (NASDAQ:KBDU): 199.99% Weight
- Invesco China Technology ETF (NYSE:CQQQ): 7.13% Weight
- Invesco Golden Dragon China ETF (NASDAQ:PGJ): 8.60% Weight
Significance: Because BIDU carries such a heavy weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.
BIDU Price Action: Baidu shares were down 0.10% at $146.82 during premarket trading on Tuesday, according to Benzinga Pro data.
Photo by Robert Way via Shutterstock
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