DouYu upgraded to Neutral from Sell at Citi

Citi upgraded DouYu (DOYU) to Neutral from Sell with a price target of $10.50, up from $5.90, after the company reported “better-than-feared” Q4 results. Entering 2025, Douyu will likely focus on expanding higher value businesses, such as voice-based social network and game prop sales, to offset the declining live-streaming business and management is also committed to reducing costs significantly, which the firm believes should help Douyu bring forward the breakeven timeline to 2025, the analyst tells investors.