The analyst rating for BIDU-SW (Baidu) has been maintained as "Buy" by Citi due to the company's demonstration of its advanced full-stack technology capabilities, particularly in AI infrastructure. The launch of Ernie 5.0, which features 2.4 trillion parameters and utilizes native full-modal unified modeling technology, is expected to enhance the integration and optimization of multimodal data. This strong technological foundation, along with the company's developments in chips, cloud, models, and intelligent agents, supports Citi's positive outlook and target price of USD 186 for the stock.
