iQIYI (IQ) Tops Q1 EPS by 11c, Revenues Beat; Offers 2Q Revenues Outlook Below Consensus

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Go back to iQIYI (IQ) Tops Q1 EPS by 11c, Revenues Beat; Offers 2Q Revenues Outlook Below Consensus

CLSA Upgrades iQIYI (IQ) to Outperform (2)

May 18, 2021 4:05 PM EDT

CLSA analyst Elinor Leung upgraded iQIYI (NASDAQ: IQ) from Underperform (4) to Outperform (2) with a price target of $16.00 (from $25.50).

THe analyst comments "iQIYIs 1Q21 results beat estimates but its 2Q guidance was weak. Total revenue grew 4.2% YoY to Rmb8bn, 2.3% above our... More