Bilibili Inc – (BILI) Receives $17.00 Consensus Target Price from Analysts

Shares of Bilibili Inc – (NASDAQ:BILI) have been given an average recommendation of “Buy” by the seven brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $17.00.

A number of brokerages have recently issued reports on BILI. Zacks Investment Research cut Bilibili from a “hold” rating to a “sell” rating in a report on Thursday, November 29th. Citigroup began coverage on Bilibili in a report on Thursday, January 31st. They set a “buy” rating and a $22.00 target price for the company. Credit Suisse Group began coverage on Bilibili in a report on Monday, December 10th. They set an “outperform” rating for the company. Daiwa Capital Markets began coverage on Bilibili in a report on Monday, January 14th. They set an “outperform” rating for the company. Finally, Morgan Stanley upgraded Bilibili from an “equal weight” rating to an “overweight” rating and set a $17.00 target price for the company in a report on Tuesday, January 8th.

Shares of NASDAQ:BILI opened at $17.46 on Friday. Bilibili has a 1 year low of $9.09 and a 1 year high of $22.70.

Bilibili (NASDAQ:BILI) last issued its earnings results on Tuesday, November 20th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.02). The firm had revenue of $157.08 million during the quarter, compared to analyst estimates of $147.46 million. As a group, equities analysts predict that Bilibili will post -0.43 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc acquired a new position in Bilibili during the 3rd quarter worth approximately $51,000. Canada Pension Plan Investment Board acquired a new position in Bilibili during the 4th quarter worth approximately $73,000. B. Riley Wealth Management Inc. acquired a new position in Bilibili during the 3rd quarter worth approximately $168,000. Jane Street Group LLC acquired a new position in Bilibili during the 2nd quarter worth approximately $468,000. Finally, First Trust Advisors LP acquired a new position in Bilibili during the 4th quarter worth approximately $1,019,000. 12.11% of the stock is currently owned by hedge funds and other institutional investors.

Bilibili Company Profile

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a platform that covers a range of genres and media formats, including videos, live broadcasting, and mobile games. Bilibili Inc has a strategic collaboration agreement with Tencent Holdings Limited for sharing and operating existing and additional anime and games on its platform in China.

See Also: Understanding Analyst Ratings

Analyst Recommendations for Bilibili (NASDAQ:BILI)

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