Form 6-K iQIYI, Inc. For: Aug 23
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CFRA Downgrades iQIYI (IQ) to Hold, 'weak topline will drag margin lower in 2024 before improving in 2025'
August 26, 2024 11:42 AM EDTCFRA 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 EDTJPMorgan 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
