Citigroup: Maintains a "Buy" rating for Baidu with a target price of $166.

Citigroup released a research report stating that the main highlights of Baidu World Conference 2025 include the upgrade of Ernie 5.0, Digital Human, and the unveiling of the self-developed Kunlun chip and Tianchi super node. Among them, the Kunlun chip M100 is scheduled to be launched in the early next year, and the M300 is planned to be released in the first half of 2027. The firm maintains a "buy" rating on Baidu's US stocks with a target price of $166.