Benchmark Reiterates Buy on iQIYI, Maintains $9 Price Target
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Fawne Jiang has reiterated a Buy rating on iQIYI (NASDAQ:IQ) and maintained a $9 price target for the company's stock.
November 22, 2023 | 4:30 pm
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POSITIVE IMPACT
Benchmark analyst Fawne Jiang reaffirms a Buy rating on iQIYI with a steady price target of $9, indicating a positive outlook on the stock.
The reiteration of a Buy rating by a Benchmark analyst suggests a strong vote of confidence in iQIYI's stock, which could positively influence investor sentiment and potentially drive the stock price up in the short term. The maintenance of the $9 price target indicates the analyst's belief that the stock has the potential to reach or exceed this value, further supporting a positive short term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100