- KeyBanc analyst Hans Chung lowered the price target on iQIYI Inc (NASDAQ:IQ) to $19 from $26, implying a 100.6% upside, and maintained an Overweight rating.
- The rating reflects regulatory uncertainty and sector-wide multiple contractions.
- While a more restricted regulatory environment could impact the timing of content release and present near-term headwinds, he continues to think improving the quality and quantity of original content could drive a consistent improvement in sub-churn rates.
- iQIYI’s Q2 revenue of $1.2 billion beat the analyst consensus of $1.14 billion. Loss per ADS of $(0.27) exceeded the analyst consensus loss of $(0.34).
- Price Action: IQ shares traded higher by 0.48% at $9.52 in the market session on the last check Friday.
Wedbush Upgrades D.R. Horton to Outperform, Announces $125 Price Target
Wedbush analyst Jay McCanless upgrades D.R. Horton (NYSE:DHI) from Neutral to Outperform and announces $125 price target.
