JP Morgan Maintains Neutral on iQIYI, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Daniel Chen maintains a Neutral rating on iQIYI (NASDAQ:IQ) but lowers the price target from $5 to $3.
July 23, 2024 | 1:25 pm
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JP Morgan analyst Daniel Chen maintains a Neutral rating on iQIYI but lowers the price target from $5 to $3.
The lowered price target from $5 to $3 by JP Morgan suggests a negative outlook on iQIYI's future performance, which is likely to put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100