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<Research>Citi Opens 90-day Positive Catalyst Watch on Baidu (BIDU.US), Keeps Buy Rating
Recommend 6 Positive 16 Negative 6 |
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Citi Research invited BIDU-SW (09888.HK) at its recent ASEAN Summit in Kuala Lumpur, Citi Research issued a research report saying. With BIDU-SW's improved disclosure of operational metrics and AI-related revenue, along with its continued investment in upgrading its Ernie model and AI agents, as well as management's commitment to further unlocking company value through shareholder returns, it is believed that investors may express greater confidence in BIDU-SW's operational outlook and strategy to unlock core and non-core asset value. Therefore, Citi Research kept rating at Buy and its target price at US$181 on BIDU-SW's US stock based on the SOTP valuation method, meanwhile opening a 90-day positive catalyst watch. AASTOCKS Financial News Website: www.aastocks.com |
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