Citigroup Maintains Buy on Bilibili, Lowers Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Brian Gong maintains a Buy rating on Bilibili (NASDAQ:BILI) but lowers the price target from $28 to $24.
June 02, 2023 | 10:38 am
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Citigroup analyst Brian Gong maintains a Buy rating on Bilibili (NASDAQ:BILI) but lowers the price target from $28 to $24.
The news of Citigroup maintaining a Buy rating on Bilibili is positive for the stock, indicating that the analyst still believes in the company's potential. However, the lowering of the price target from $28 to $24 may create some uncertainty among investors, potentially offsetting the positive sentiment. As a result, the short-term impact on BILI's stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100