Benchmark Maintains Buy on iQIYI, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Fawne Jiang maintains a Buy rating on iQIYI (NASDAQ:IQ) but lowers the price target from $9 to $5.
July 31, 2024 | 5:11 pm
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Benchmark analyst Fawne Jiang maintains a Buy rating on iQIYI but lowers the price target from $9 to $5.
The lowered price target from $9 to $5 suggests a more cautious outlook on iQIYI's future performance, which could negatively impact investor sentiment in the short term despite the maintained Buy rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100