iQIYI Announces Second Quarter 2024 Financial Results

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Go back to iQIYI Announces Second Quarter 2024 Financial Results

CFRA Downgrades iQIYI (IQ) to Hold, 'weak topline will drag margin lower in 2024 before improving in 2025'

August 26, 2024 11:42 AM EDT

CFRA analyst Siti Salikin downgraded iQIYI (NASDAQ: IQ) from Buy to Hold with a price target of $2.50 (from $6.50).

The analyst comments "We cut 2024/2025 EPADS forecasts to CNY1.60/CNY2.70 (CNY2.71/CNY3.34) and target price to USD2.50 (from USD6.50), an implied 2024 P/E of 11.2x (3-year: 23.7x),... More

iQIYI (IQ) PT Lowered to $2.50 at JPMorgan

August 26, 2024 5:15 AM EDT

JPMorgan analyst Daniel Chen lowered the price target on iQIYI (NASDAQ: IQ) to $2.50 (from $3.00) while maintaining a Neutral rating.

The analyst comments "Looking for signs of recovery to drive better growth ahead. OKTA remains well positioned in IAM markets with emerging exposure to IGA and PAM but we still need to see better... More

iQIYI (IQ) PT Lowered to $3.50 at US Tiger Securities

August 22, 2024 1:10 PM EDT

US Tiger Securities analyst Bo Pei lowered the price target on iQIYI (NASDAQ: IQ) to $3.50 (from $4.00) while maintaining a Hold rating.

The analyst comments "We are maintaining our HOLD rating but decreasing our PT to $3.5 (was $4) after IQ's reported largely in-line 2Q revenue (note that consensus was... More