Autohome Inc. (ATHM) PT Raised to $26.50 at Jefferies
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Rating Summary:
6 Buy, 13 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 10 | New: 26
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Jefferies analyst Thomas Chong raised the price target on Autohome Inc. (NYSE: ATHM) to $26.50 (from $26.30) while maintaining a Buy rating.
The analyst comments "We expect ATHM to demonstrate strong execution in online marketplace (e.g. new retail) which drives better-than-expected performance offsetting softer media and leads generation revenue amid soft industry trends. No. of new retail stores picked up in 3Q with a total of over 100 stores by end of quarter. Solid cost control is expected. AI agent is expected to enhance user experience. It is committed to return value to shareholders. Maintain Buy."
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