Macquarie Upgrades iQIYI to Neutral, Announces $5.12 Price Target
Portfolio Pulse from richadhand@benzinga.com
Macquarie analyst Esme Pau has upgraded iQIYI (NASDAQ:IQ) from Underperform to Neutral and announced a price target of $5.12.
July 27, 2023 | 11:51 am
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POSITIVE IMPACT
iQIYI has been upgraded from Underperform to Neutral by Macquarie, with a new price target of $5.12.
The upgrade from Underperform to Neutral by Macquarie indicates a more positive outlook for iQIYI. The new price target of $5.12 also suggests potential upside for the stock. This could lead to increased investor interest and potentially a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100