As previously reported, Citi upgraded Bilibili (BILI) to Buy from Neutral with an unchanged price target of $27. Given “fragile market sentiment” and concerns over the profit trajectory for AI investments, the share price has “corrected a lot from its latest peak,” says the analyst, who sees Bili strengthening its ecosystem and ads efficiency during the AI era. The firm cites strong ads momentum benefiting from heavy ads spending from AI players in its upgrade following the pullback in shares.
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Read More on BILI:
- Bilibili upgraded to Buy from Neutral at Citi
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