Baidu stock closed at $125.72 on October 13, 2025, gaining 3.31% in a recovery session following a dramatic 8.09% decline on October 10, 2025. The recent volatility appears linked to broader market turbulence driven by U.S.-China trade tensions, with the stock falling from $144.91 on October 6 to $121.69 on October 10 before beginning to stabilize. In positive news, Citigroup raised its price target on Baidu to $166 from $143 while maintaining a Buy rating, suggesting analyst confidence in the company's prospects despite the recent selloff. The stock is trading well below both Citigroup's new target and the consensus price target of $135.72. With Q3 earnings scheduled for November 20, 2025, investors are likely positioning ahead of results that could provide clarity on Baidu's AI initiatives and core search business performance amid the challenging macroeconomic environment.