Watching Bilibili; Hearing Morgan Stanley Out With Cautious Research Data On The Co, Says 'See Downside Risk To Its Upcoming Q3 Results In Terms Of Game Revenue Due To The Weaker-Than Expected Performance Of Pretty Derby And Organic Growth'
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has released research data on Bilibili, indicating a downside risk to its upcoming Q3 results. The financial institution cites weaker-than-expected performance of Pretty Derby and organic growth as reasons for the potential decline in game revenue.
November 07, 2023 | 3:28 pm
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Morgan Stanley's research data suggests a potential downside risk to Bilibili's Q3 results, primarily due to weaker-than-expected performance of Pretty Derby and organic growth.
Morgan Stanley, a reputable financial institution, has indicated potential downside risk to Bilibili's Q3 results. This is primarily due to the weaker-than-expected performance of Pretty Derby and organic growth, which are significant contributors to the company's game revenue. Given Morgan Stanley's influence, this news could negatively impact investor sentiment and put downward pressure on BILI's stock price in the short term.
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