From Games to Ads: Analyst Highlights Bilibili's Profitable FY24 Strategy
Portfolio Pulse from Anusuya Lahiri
Benchmark analyst Jason English reiterates a Buy rating and a $35 price target for Bilibili Inc (NASDAQ:BILI). The company reported on par 1Q results and reconfirmed its FY23 guidance. Advertising showed solid recovery and above-industry growth in 1Q. Bilibili aims to achieve profitability in FY24.
June 02, 2023 | 4:58 pm
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Benchmark analyst Jason English reiterates a Buy rating and a $35 price target for Bilibili Inc. The company reported on par 1Q results and reconfirmed its FY23 guidance. Advertising showed solid recovery and above-industry growth in 1Q.
The analyst's Buy rating and $35 price target indicate a positive outlook for Bilibili's stock. The company's solid recovery in advertising and above-industry growth in 1Q, along with the reconfirmation of its FY23 guidance, suggest a strong performance in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100