- Barclays analyst Jiong Shao initiated coverage of Bilibili Inc BILI with an Equal Weight rating and $32 price target.
- The price target implies a downside of 6.76%.
- Related Content: Here's Why Morgan Stanley Slashed Bilibili Price Target By 53%
- The analyst considers competition the most significant risk to the Bilibili story.
- Bilibili is a full-spectrum online entertainment company. It operates as a video-sharing Website that covers a range of genres and media formats, including videos, live broadcasting, and mobile games.
- Price Action: BILI shares traded higher by 7.06% at $34.59 on the last check Tuesday.
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