JP Morgan Downgrades Bilibili to Equal-Weight, Announces $13 Price Target
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Daniel Chen has downgraded Bilibili (NASDAQ:BILI) from Overweight to Equal-Weight and set a price target of $13.
July 27, 2023 | 9:12 am
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Bilibili has been downgraded by JP Morgan from Overweight to Equal-Weight, with a new price target of $13.
The downgrade from JP Morgan could potentially lead to a decrease in Bilibili's stock price in the short term. The new price target of $13 also suggests that the analyst believes the stock is currently overvalued, which could further pressure the stock price.
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