Citi analyst Alicia Yap raised Baidu's target price to $181, implying that its stock price has room to rise by nearly 40%. She believes that the continued growth of artificial intelligence and cloud services in China is driving market interest in the stock.

Citi analyst Alicia Yap raised Baidu's target price to $181, implying that its stock price has room to rise by nearly 40%. She believes that the continued growth of artificial intelligence and cloud services in China is driving market interest in the stock.