Benchmark analyst Fawne Jiang raised the firm’s price target on Bilibili (BILI) to $30 from $24 and keeps a Buy rating on the shares after the company reported Q4 results above expectations, driven by the “solid” performance of San Mou and stronger-than-anticipated advertising revenue. Given Bilibili’s undermonetized ad ecosystem, the firm sees headroom for growth potential, the analyst tells investors.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BILI:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue