iQIYI Announces Third Quarter 2024 Financial Results
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November 21, 2024 2:40 PM EST
BofA Securities analyst Eddie Leung lowered the price target on iQIYI (NASDAQ: IQ) to $3.60 (from $4.30) while maintaining a Buy rating.
The analyst comments "iQiyi (IQ) delivered a largely inline 3Q results in core biz and op profit trend (NP beat on one-off), while we are more conservative on its long-from video biz growth due to less top content released YTD2024 with declining market shares, and industry wise headwinds... More
November 21, 2024 12:42 PM EST
Jefferies analyst Thomas Chong lowered the price target on iQIYI (NASDAQ: IQ) to $3.00 (from $3.80) while maintaining a Buy rating.
The analyst comments "IQ reported 3Q results with revenue in line and non-GAAP earnings beating expectations. Management highlights the strengthening of mini and short... More
