Citi raised the firm’s price target on Sohu.com (SOHU) to $20 from $17 and keeps a Buy rating on the shares. Thanks to the outperformance of online games, Sohu reported a better-than-expected Q2 net loss, the analyst noted. Sohu guided Q3 gaming revenue to be up 1%-10% quarter-over-quarter, noted the firm, which rolls its valuation forward to 2026 estimates.
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