On July 11th, Gelunhui reported that Baidu (BIDU.US), which rose more than 11% in the previous two days, continued to rise by 2.43% in pre-market trading today, with a price of $100.32. Zhongyin International issued a research report stating that the announcement by the Beijing Economic and Information Bureau at an earlier time that solicited opinions on the “Beijing Autonomous Driving Vehicle Regulations (Draft for Solicitation of Comments)” promoted market sentiment and investment in related autonomous driving symbols. The bank analyzed Baidu's Apollo Go and believed that the continuous penetration of the group's fully automated driving business may significantly improve the business unit economics model (UE), maintaining its target price of $183 and a "buy" rating. UBS Group also pointed out that Baidu's stock price soared due to the news about autonomous driving taxis, which reflects investors’ renewed interest in the company’s autonomous driving business and their low positions prior to it. The bank has a positive view of Baidu's leading position in autonomous driving technology in the long-term and gave it a "buy" rating with a target price of $165 in the US stock market.