UPDATE: KeyBanc Upgrades (IQ) to Overweight

February 22, 2021 5:06 PM EST
Get Alerts IQ Hot Sheet
Price: $15.22 +0.33%

Rating Summary:
    7 Buy, 9 Hold, 5 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 17 | Down: 13 | New: 41
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(Updated - February 23, 2021 4:39 AM EST)

KeyBanc analyst Hans Chung upgraded (NASDAQ: IQ) from Sector Weight to Overweight with a price target of $30.00.

The analyst comments "We upgrade IQ to Overweight as we anticipate originality and diversification of content to achieve the level that could fully differentiate itself from the competition after multi-years investment in original content, which could drive higher retention and stronger pricing power. As a result of potentially better churns and concurrently flat growth in content cost, we expect much improvement in profitability and FCF in the MT. We are raising estimates and
assume a $30 PT."

For an analyst ratings summary and ratings history on click here. For more ratings news on click here.

Shares of closed at $24.72 yesterday.

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