Barclays Downgrades Bilibili to Underweight, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jiong Shao has downgraded Bilibili (NASDAQ:BILI) from Equal-Weight to Underweight and reduced the price target from $15 to $10.

November 30, 2023 | 12:43 pm
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Barclays analyst Jiong Shao downgraded Bilibili from Equal-Weight to Underweight and lowered the price target from $15 to $10, indicating a bearish outlook on the stock.
The downgrade by a major financial institution like Barclays, along with a significant reduction in the price target, is likely to negatively influence investor sentiment and could lead to a short-term decline in Bilibili's stock price.
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