Benchmark Maintains Buy on Bilibili, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Fawne Jiang maintains a Buy rating on Bilibili (NASDAQ:BILI) but lowers the price target from $21 to $15.
March 08, 2024 | 5:45 pm
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Benchmark analyst Fawne Jiang maintains a Buy rating on Bilibili but lowers the price target from $21 to $15.
While the maintenance of a Buy rating indicates a positive outlook on Bilibili's stock, the reduction in the price target could signal a tempered expectation for the stock's short-term performance. This mixed signal might lead to a neutral short-term impact on Bilibili's stock price as investors weigh the positive rating against the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100