Barclays raised the firm’s price target on Bilibili (BILI) to $28 from $25 and keeps an Overweight rating on the shares. The company’s advertising segment again grew 20% year-over-year in Q2 and management’s outlook calls for this continuing in the back half of the year, the analyst tells investors in a research note. The firm says Bilibili expects its margins to continue trending higher throughout the year.
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