Form 6-K HUYA Inc. For: Aug 13

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Citi Assumes HUYA Inc. (HUYA), Double Upgrades to Buy

August 14, 2024 6:15 AM EDT

Citi analyst Nelson Cheung upgraded HUYA Inc. (NYSE: HUYA) from Sell to Buy with a price target of $6.00 (from $2.40).

The analyst comments "Huya delivered better-than-expected 2Q24 with revenues of Rmb1.54bn 0.6% above Street, with strong growth of game-related services (+152.7% yoy contributing 20% mix), partly... More