Mizuho Forecasts Strong Price Appreciation for Bilibili (NASDAQ:BILI) Stock

Bilibili (NASDAQ:BILIGet Free Report) had its target price boosted by equities researchers at Mizuho from $17.00 to $21.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s price target indicates a potential downside of 7.69% from the company’s current price.

Several other analysts also recently weighed in on BILI. The Goldman Sachs Group upgraded Bilibili from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $16.50 to $22.60 in a research report on Thursday, September 26th. Sanford C. Bernstein raised their target price on Bilibili from $12.00 to $13.00 and gave the stock a “market perform” rating in a research note on Friday, August 23rd. Nomura Securities raised Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 22nd. Nomura upgraded Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Thursday, August 22nd. Finally, Barclays upgraded Bilibili from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $14.00 to $19.00 in a report on Friday, August 23rd. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.51.

Read Our Latest Analysis on Bilibili

Bilibili Trading Up 0.7 %

Shares of BILI opened at $22.75 on Tuesday. Bilibili has a 1 year low of $8.80 and a 1 year high of $31.77. The stock has a market cap of $9.43 billion, a P/E ratio of -16.98 and a beta of 0.86. The stock’s 50-day moving average price is $20.08 and its two-hundred day moving average price is $16.78.

Bilibili (NASDAQ:BILIGet Free Report) last released its earnings results on Thursday, August 22nd. The company reported ($0.65) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.55). The firm had revenue of $6.13 billion during the quarter, compared to the consensus estimate of $6.10 billion. Bilibili had a negative net margin of 16.71% and a negative return on equity of 22.44%. The company’s revenue was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.43) EPS. As a group, equities analysts forecast that Bilibili will post -0.32 EPS for the current year.

Institutional Trading of Bilibili

A number of large investors have recently bought and sold shares of BILI. Janney Montgomery Scott LLC purchased a new stake in Bilibili in the first quarter worth $951,000. GSA Capital Partners LLP purchased a new stake in Bilibili in the first quarter worth $460,000. Acadian Asset Management LLC purchased a new stake in Bilibili in the first quarter worth $408,000. Natixis purchased a new position in shares of Bilibili in the first quarter valued at $537,000. Finally, OLD Mission Capital LLC purchased a new position in shares of Bilibili in the first quarter valued at $14,849,000. 16.08% of the stock is owned by hedge funds and other institutional investors.

About Bilibili

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Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a range of digital content, including professional user generated videos, mobile games, and value-added services, such as live broadcasting, occupationally generated videos, audio drama on Maoer, and comics on Bilibili Comic.

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