Bilibili jumps after JPMorgan upgrades on balanced risk/reward

seekingalpha03-11

Bilibili's (NASDAQ:BILI) stock rose about 7% premarket on Monday after JPMorgan upgraded the shares to Neutral from Underweight with an $11 price target, up from $10. The firm had downgraded the stock...

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The firm had downgraded the stock...</p>\n\n<a href=\"https://seekingalpha.com/news/4077919-bilibili-jumps-after-jpmorgan-upgrades-on-balanced-riskreward\">Source Link</a>\n\n</div>\n","source":"seekingalpha_hot_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bilibili jumps after JPMorgan upgrades on balanced risk/reward</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBilibili jumps after JPMorgan upgrades on balanced risk/reward\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-11 20:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4077919-bilibili-jumps-after-jpmorgan-upgrades-on-balanced-riskreward><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bilibili's (NASDAQ:BILI) stock rose about 7% premarket on Monday after JPMorgan upgraded the shares to Neutral from Underweight with an $11 price target, up from $10. The firm had downgraded the stock...</p>\n\n<a href=\"https://seekingalpha.com/news/4077919-bilibili-jumps-after-jpmorgan-upgrades-on-balanced-riskreward\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4550","symbol_name":"红杉资本持仓","start_time":0,"source_url":"https://seekingalpha.com/news/4077919-bilibili-jumps-after-jpmorgan-upgrades-on-balanced-riskreward","article_id":"2418351304","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2418351304","pubTimestamp":1710160376,"sourceInfo":{"source_id":"seekingalpha_hot_news","name":"SeekingAlpha"},"weMediaInfo":null,"summary":"Bilibili's (NASDAQ:BILI) stock rose about 7% premarket on Monday after JPMorgan upgraded the shares to Neutral from Underweight with an $11 price target, up from $10. 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The firm had downgraded the stock to Underweight in July 2023, but now it views the risk/reward as more balanced. The analysts said that Bilibili's double-digit revenue growth target for 2024 is in line with consensus (+14% year-over-year), thus they think consensus forecast cuts will be limited. \"In 2024, we expect our top line growth will accelerate and achieve double-digit growth rate with ad revenue grow at even faster rates. We expect our gross profit will also maintain high growth in 2024 as we further improve our gross profit margin, attributed by higher contribution from high-margin ad business,\" Bilibili's CFO Xin Fan had said during the company's said fourth quarter earnings call. However, the analysts believe that the actual achievement of double-digit revenue growth in 2024 will require good performance of new game pipelines and resilient growth in live streaming. The analysts think Bilibili is facing competition from Douyin in the game streaming market, after Douyin's recent cooperation with Tencent (OTCPK:TCEHY) (OTCPK:TCTZF) in major games. Bilibili is entering a new game launch cycle from the second quarter of 2024 with major games Three Kingdom and Heaven Burns Red, which should drive game revenue reacceleration, according to the analysts. Bilibili (BILI) has a Hold rating at Seeking Alpha's Quant Rating system, which consistently beats the market. The Seeking Alpha authors' average rating is also Hold, but the average Wall Street analysts' rating is more positive with a Buy rating.  More on Bilibili  Bilibili Stock Downgraded To Sell After Assessing Q4 Earnings Bilibili Inc. (BILI) Q4 2023 Earnings Call Transcript Bilibili Inc. 2023 Q4 - Results - Earnings Call Presentation Bilibili Non-GAAP EPS of -$0.19 beats by $0.03, revenue of $894.3M beats by $15.86M Bilibili Q4 2023 Earnings Preview","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2418351304"}