Citi has issued a research report indicating that Baidu has seen enhancements in its operational indicators and in the transparency of its AI-related revenue disclosures. The tech giant persists in its efforts to upgrade its Wenxin Large Language Model and AI agents. Baidu's management has pledged to enhance shareholder value through returns, a move that is likely to bolster investor trust in the company's operational outlook and its strategies for maximizing asset value. Consequently, Citi reaffirms its 'Buy' recommendation for Baidu, with a target price of US$181 for its U.S.-listed shares, and commences a 90-day period of monitoring for positive catalysts.
