Citron keeps $200 target on Baidu, says ‘underappreciated name in AI’

Andrew Left’s Citron Research said via X, “$BIDU Citron maintains $200 tgt. South China Morning Post reporting as the if the deal is DONE with $AAPL. Last month Citron called $BIDU the most underappreciated name in AI. Since then risk/reward has become more asymmetrical In past 2 weeks XI has visited the company and now talks about $AAPL about being the default AI in Chinese i phone. While we understand the distaste for Chinese stocks, when there is any sense of normalization, we expect $BIDU to catapult. Cloud, Search, AI, Autonomous driving trading at decades low valuation. Wil update with full model soon. Ernie continues to dominate.” Shares of Baidu are up 90c to $103.08 following the post.