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Wall Street's Monday Morning Predictions: Baidu Could Soar 69% According to Analysts

MarketDash Editorial Team
14 days ago
Top Wall Street analysts delivered a fresh batch of rating changes on Monday, with JP Morgan making the boldest call on Baidu with a potential 69% upside. Here's what the experts are saying about ten stocks on their radar.

Wall Street's finest delivered a fresh set of calls to kick off the week, and some of these opinions come with serious conviction. When an analyst slaps a price target that implies nearly 70% upside, you know they've done some serious thinking about what might go right.

Here's the rundown of ten stocks that caught the attention of top analysts on Monday, complete with all the upgrades, downgrades, and price target gymnastics that come with the territory.

The Big Movers

Cipher Mining Inc (CIFR) got a confidence boost from JP Morgan, which raised its price target from $12 to $18. Analyst Reginald Smith upgraded the crypto mining company from Neutral to Overweight. The stock closed Friday at $14.15, so there's still some runway implied here if Smith's thesis plays out.

HC Wainwright & Co. took a different approach with BioNano Genomics Inc (BNGO), slashing the price target from $11 to $7. Despite the cut, analyst Yi Chen maintained a Buy rating on the genomics company. With shares closing at $1.62 on Friday, even the reduced target suggests significant upside—though the massive gap between target and reality raises questions about the timeline.

The headline grabber? Baidu Inc (BIDU) received a dramatic upgrade from JP Morgan analyst Alex Yao, who bumped the price target from $110 to $188 and upgraded the stock from Neutral to Overweight. With Baidu closing at $110.95 on Friday, that new target implies potential gains of more than 69%. That's the kind of call that makes you wonder what Yao sees in China's search giant that the market might be missing.

Upgrades With Caveats

Exact Sciences Corp (EXAS) found itself in an interesting position. Jefferies analyst Brandon Couillard raised the price target from $90 to $105—but downgraded the stock from Buy to Hold. The cancer screening company closed at $100.90 on Friday, putting it pretty close to that new target. Sometimes analysts tell you the good news is already priced in.

Quantumscape Corp (QS) experienced something similar. Evercore ISI Group analyst Chris McNally boosted the price target from $8 to $12 but downgraded the solid-state battery developer from Outperform to In-Line. With shares closing at $11.47 on Friday, McNally seems to be saying the stock has largely arrived at fair value.

Bullish On Resources

Barrick Mining Corp (GOLD) caught the eye of Bank of America Securities, which raised its price target from $38 to $48. Analyst Lawson Winder upgraded the gold mining giant from Neutral to Buy. Barrick shares settled at $36.55 on Friday, suggesting BofA sees meaningful upside ahead for the precious metals play.

Meanwhile, Mp Materials Corp (MP) got a slight price target trim from BMO Capital, dropping from $76 to $75. But analyst Raj Ray upgraded the rare earth materials company from Market Perform to Outperform. With shares closing at $55.27, Ray clearly thinks the stock has room to run despite the modest target adjustment.

The Rest Of The Roster

Lemonade Inc (LMND) received an optimistic call from Citizens, which raised the price target from $60 to $80. Analyst Matthew Carletti maintained a Market Outperform rating on the insurance technology company. Lemonade closed at $67.35 on Friday, right in the middle of that upside range.

Flutter Entertainment PLC (FLUT) saw HSBC cut its price target from $265 to $228—but analyst Joe Thomas upgraded the online gambling company from Hold to Buy. With Flutter settling at $193.31 on Friday, Thomas appears to see value even with a lower target. Sometimes a stock can fall enough to become interesting again.

Rounding out the list, Lumentum Holdings Inc (LITE) got a price target increase from Needham, moving from $235 to $290. Analyst Ryan Koontz maintained a Buy rating on the optical and photonics products maker. Lumentum closed at $255.59 on Friday, leaving some upside to Koontz's target.

What It All Means

Analyst calls are always a mix of art and science, combining financial models with qualitative judgments about competitive position, management quality, and market trends. Some of these calls will look brilliant in six months. Others will look silly. That's the nature of trying to predict the future.

The Baidu call stands out for its boldness—69% upside is not a modest prediction. Whether JP Morgan's Alex Yao will look prescient or overly optimistic remains to be seen, but it's certainly a call that demands attention from anyone following Chinese tech stocks.

Back to News

Wall Street's Monday Morning Predictions: Baidu Could Soar 69% According to Analysts

MarketDash Editorial Team
14 days ago
Top Wall Street analysts delivered a fresh batch of rating changes on Monday, with JP Morgan making the boldest call on Baidu with a potential 69% upside. Here's what the experts are saying about ten stocks on their radar.

Wall Street's finest delivered a fresh set of calls to kick off the week, and some of these opinions come with serious conviction. When an analyst slaps a price target that implies nearly 70% upside, you know they've done some serious thinking about what might go right.

Here's the rundown of ten stocks that caught the attention of top analysts on Monday, complete with all the upgrades, downgrades, and price target gymnastics that come with the territory.

The Big Movers

Cipher Mining Inc (CIFR) got a confidence boost from JP Morgan, which raised its price target from $12 to $18. Analyst Reginald Smith upgraded the crypto mining company from Neutral to Overweight. The stock closed Friday at $14.15, so there's still some runway implied here if Smith's thesis plays out.

HC Wainwright & Co. took a different approach with BioNano Genomics Inc (BNGO), slashing the price target from $11 to $7. Despite the cut, analyst Yi Chen maintained a Buy rating on the genomics company. With shares closing at $1.62 on Friday, even the reduced target suggests significant upside—though the massive gap between target and reality raises questions about the timeline.

The headline grabber? Baidu Inc (BIDU) received a dramatic upgrade from JP Morgan analyst Alex Yao, who bumped the price target from $110 to $188 and upgraded the stock from Neutral to Overweight. With Baidu closing at $110.95 on Friday, that new target implies potential gains of more than 69%. That's the kind of call that makes you wonder what Yao sees in China's search giant that the market might be missing.

Upgrades With Caveats

Exact Sciences Corp (EXAS) found itself in an interesting position. Jefferies analyst Brandon Couillard raised the price target from $90 to $105—but downgraded the stock from Buy to Hold. The cancer screening company closed at $100.90 on Friday, putting it pretty close to that new target. Sometimes analysts tell you the good news is already priced in.

Quantumscape Corp (QS) experienced something similar. Evercore ISI Group analyst Chris McNally boosted the price target from $8 to $12 but downgraded the solid-state battery developer from Outperform to In-Line. With shares closing at $11.47 on Friday, McNally seems to be saying the stock has largely arrived at fair value.

Bullish On Resources

Barrick Mining Corp (GOLD) caught the eye of Bank of America Securities, which raised its price target from $38 to $48. Analyst Lawson Winder upgraded the gold mining giant from Neutral to Buy. Barrick shares settled at $36.55 on Friday, suggesting BofA sees meaningful upside ahead for the precious metals play.

Meanwhile, Mp Materials Corp (MP) got a slight price target trim from BMO Capital, dropping from $76 to $75. But analyst Raj Ray upgraded the rare earth materials company from Market Perform to Outperform. With shares closing at $55.27, Ray clearly thinks the stock has room to run despite the modest target adjustment.

The Rest Of The Roster

Lemonade Inc (LMND) received an optimistic call from Citizens, which raised the price target from $60 to $80. Analyst Matthew Carletti maintained a Market Outperform rating on the insurance technology company. Lemonade closed at $67.35 on Friday, right in the middle of that upside range.

Flutter Entertainment PLC (FLUT) saw HSBC cut its price target from $265 to $228—but analyst Joe Thomas upgraded the online gambling company from Hold to Buy. With Flutter settling at $193.31 on Friday, Thomas appears to see value even with a lower target. Sometimes a stock can fall enough to become interesting again.

Rounding out the list, Lumentum Holdings Inc (LITE) got a price target increase from Needham, moving from $235 to $290. Analyst Ryan Koontz maintained a Buy rating on the optical and photonics products maker. Lumentum closed at $255.59 on Friday, leaving some upside to Koontz's target.

What It All Means

Analyst calls are always a mix of art and science, combining financial models with qualitative judgments about competitive position, management quality, and market trends. Some of these calls will look brilliant in six months. Others will look silly. That's the nature of trying to predict the future.

The Baidu call stands out for its boldness—69% upside is not a modest prediction. Whether JP Morgan's Alex Yao will look prescient or overly optimistic remains to be seen, but it's certainly a call that demands attention from anyone following Chinese tech stocks.