Bilibili price target lowered to $31 from $32 at BofA

BofA analyst Alex Liu lowered the firm’s price target on Bilibili (BILI) to $31 from $32 and keeps a Buy rating on the shares. After having hosted the Bilibili investor relations team during the firm’s AI Tech/Internet Conference on November 25, the analyst fine tune the firm’s FY25-27 adjusted net income estimates to reflect higher interest income but slightly lower ads revenue, the analyst tells investors.