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Citi Upgrades Bilibili (BILI) to Buy, 'Growth to Pick up from 2Q23 with Some Catalysts'

March 3, 2023 7:49 AM EST

Citi analyst Brian Gong upgraded Bilibili (NASDAQ: BILI) from Neutral to Buy with a price target of $28.00.

The analyst comments "Narrowing of losses remains an important priority for Bili in 2023; driven by: 1) continuous cost optimization on bandwidth, rev sharing and content costs, 2) OPEx saving, 3) cutting... More