Citi said it recently arranged U.S. investor meetings for Baidu management, and maintained a buy rating with a $188 price target based on a sum-of-the-parts valuation, according to Ming Pao.
Citi noted that while overall investor sentiment toward China equities and the internet sector has been weak recently, investors were positive on Baidu’s underlying technology capabilities. The bank also said investors agreed with management’s commitment to unlock asset value through an upcoming spin-off of its chip business Kunlunxin and a first dividend policy to be confirmed later this year.
STOCKS | Citi Keeps Buy on Baidu, Sets $188 Target After U.S. Investor Meetings
2026-06-24 06:03:13
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