- UBS analyst Paul Gong initiated coverage of Autohome Inc ATHM with a Neutral rating and a $38 price target, implying a 22.3% upside.
- The company was a success in online ads, and its management is rightly further exploring digital products opportunities. Still, the industry environment looks challenging.
- Carmakers are prioritizing R&D budgets over marketing as verticals lose audience to social networking and short videos, Gong adds.
- Price Action: ATHM shares traded higher by 2.67% at $31.89 in the market session on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
