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Bilibili price target lowered to $28 from $30 at Benchmark

Benchmark lowered the firm’s price target on Bilibili (BILI) to $28 from $30 and keeps a Buy rating on the shares. While near-term game revenue is expected to decline due to a high base, underlying user engagement and monetization remain healthy, says the analyst, who remains constructive on Bilibili’s long-term outlook despite some near-term softness in games and VAS.

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