Iqiyi (IQ) Receives a Buy from Citi
Citi analyst Alicia Yap maintained a Buy rating on Iqiyi yesterday and set a price target of $2.80. The company’s shares closed yesterday at $2.30.
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According to TipRanks, Yap is a 3-star analyst with an average return of 3.4% and a 43.08% success rate. Yap covers the Consumer Cyclical sector, focusing on stocks such as Alibaba, Vipshop, and JD.
In addition to Citi, Iqiyi also received a Buy from Jefferies’s Thomas Chong in a report issued yesterday. However, on the same day, TR | OpenAI – 4o reiterated a Hold rating on Iqiyi (NASDAQ: IQ).
IQ market cap is currently $2.24B and has a P/E ratio of 54.42.
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