Citigroup raised its target price for Baidu Inc. to $166 from $143, maintaining a 'Buy' rating on the stock. The revision comes ahead of Baidu's third-quarter 2025 results, which are expected to be announced in mid-November. Citi's report forecasts a 20% year-over-year growth in Baidu's AI cloud revenue, though it also anticipates a 23% decline in core advertising revenue and an 8.7% drop in total revenue to RMB30.6 billion. Separately, Baidu's US-listed shares saw a rally along with other Chinese stocks amid renewed optimism regarding US-China trade relations.