iQIYI downgraded by HSBC Securities with a new price target
$IQ
Consumer Electronics/Video Chains
Consumer Discretionary
HSBC Securities downgraded iQIYI from Hold to Reduce and set a new price target of $3.00 from $4.70 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/27/2024 | Buy → Neutral | Goldman | |
| 8/23/2024 | Buy → Hold | The Benchmark Company | |
| 7/23/2024 | $4.70 → $3.00 | Hold → Reduce | HSBC Securities |
| 11/22/2023 | Overweight → Neutral | JP Morgan | |
| 7/27/2023 | $5.12 | Underperform → Neutral | Macquarie |
| 5/17/2023 | $7.70 → $8.00 | Neutral → Outperform | Credit Suisse |
| 3/6/2023 | $10.00 | Neutral → Buy | Goldman |
| 3/2/2023 | $4.70 → $9.00 | Neutral → Buy | BofA Securities |
The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies. ` The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players in this sector, having an RSI near or below 30. Walt Disney Co (NYSE:DIS) On July 22, India's antitrust body has raised concerns about the $8.5 billion merger b
JP Morgan analyst Daniel Chen maintains iQIYI (NASDAQ:IQ) with a Neutral and lowers the price target from $5 to $3.
BEIJING, Nov. 21, 2024 (GLOBE NEWSWIRE) -- iQIYI, Inc. (NASDAQ:IQ) ("iQIYI" or the "Company"), a leading provider of online entertainment video services in China, today announced its unaudited financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Total revenues were RMB7.2 billion (US$1.0 billion1), decreasing 10% year over year.Operating income was RMB238.9 million (US$34.0 million) and operating income margin was 3%, compared to operating income of RMB746.7 million and operating income margin of 9% in the same period in 2023.Non-GAAP operating income2 was RMB368.6 million (US$52.5 million) and non-GAAP operating income margin was 5%, compar
BEIJING, Oct. 28, 2024 (GLOBE NEWSWIRE) -- iQIYI, Inc. (NASDAQ:IQ) ("iQIYI" or the "Company"), a leading provider of online entertainment video services in China, today announced that it will report its financial results for the third quarter ended September 30, 2024 before the U.S. market opens on November 21, 2024. iQIYI's management will hold an earnings conference call at 6:30 AM on November 21, 2024, U.S. Eastern Time (7:30 PM on November 21, 2024, Beijing Time). Please register in advance of the conference using the link provided below. Upon registering, you will be provided with participant dial-in numbers, passcode and unique access PIN by a calendar invite. Participant Online R
BEIJING, Aug. 22, 2024 (GLOBE NEWSWIRE) -- iQIYI, Inc. (NASDAQ:IQ) ("iQIYI" or the "Company"), a leading provider of online entertainment video services in China, today announced its unaudited financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Total revenues were RMB7.4 billion (US$1.0 billion1), decreasing 5% year over year.Operating income was RMB342.1 million (US$47.1 million) and operating income margin was 5%, compared to operating income of RMB610.4 million and operating income margin of 8% in the same period in 2023.Non-GAAP operating income2 was RMB501.4 million (US$69.0 million) and non-GAAP operating income margin was 7%, compared to no
BEIJING, Nov. 21, 2024 (GLOBE NEWSWIRE) -- iQIYI, Inc. (NASDAQ:IQ) ("iQIYI" or the "Company"), a leading provider of online entertainment video services in China, today announced its unaudited financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Total revenues were RMB7.2 billion (US$1.0 billion1), decreasing 10% year over year.Operating income was RMB238.9 million (US$34.0 million) and operating income margin was 3%, compared to operating income of RMB746.7 million and operating income margin of 9% in the same period in 2023.Non-GAAP operating income2 was RMB368.6 million (US$52.5 million) and non-GAAP operating income margin was 5%, compar
BEIJING, Nov. 15, 2024 /PRNewswire/ -- On November 12, iQIYI, China's leading online entertainment platform, introduced its Standard VIP Family and Friends membership service in Chinese mainland. This new offering allows Standard VIP members to add a separate account at a discounted price, providing full access to iQIYI's extensive content library and offering an affordable way for families and friends to enjoy premium content together. Under this new offering, Standard VIP members can add an additional account for just RMB8 (US$1.1) per month, while the main account subscript
BEIJING, Oct. 31, 2024 /PRNewswire/ -- iQIYI, China's leading online entertainment platform, premiered Fangs of Fortune in late October, the latest release under 'Love On Theater.' Inspired by The Classic of the Mountains and Seas, an ancient Chinese mythological text, this fantasy period drama unfolds in a rich universe filled with Chinese cultural elements, brought to life through state-of-the-art technologies and virtual production. Classical Chinese Culture and Romance Presented by iQIYI and starring Neo HOU and Duling CHEN, Fangs of Fortune reinvents the Chinese fantasy narrative of "demons catching demons." Featuring numerous mythological creatures from The Classic of the Mountains and
Goldman downgraded iQIYI from Buy to Neutral
The Benchmark Company downgraded iQIYI from Buy to Hold
HSBC Securities downgraded iQIYI from Hold to Reduce and set a new price target of $3.00 from $4.70 previously
6-K - iQIYI, Inc. (0001722608) (Filer)
6-K - iQIYI, Inc. (0001722608) (Filer)
SC TO-I/A - iQIYI, Inc. (0001722608) (Subject)
SC 13G/A - iQIYI, Inc. (0001722608) (Subject)
SC 13D/A - iQIYI, Inc. (0001722608) (Subject)
SC 13G/A - iQIYI, Inc. (0001722608) (Subject)
BEIJING, Sept. 27, 2023 /PRNewswire/ -- iQIYI, an innovative market-leading online entertainment service in China, has recently introduced the Karaoke feature in its popular original music variety show Big Band Season 3. This move signifies iQIYI's ongoing commitment to revolutionizing the entertainment industry with technology and bringing viewers a more immersive and interactive viewing experience. With the recently introduced function in iQIYI's China version App, it offers viewers a unique and engaging experience by enabling them to actively participate in the show's performance. Through the interactive feature, viewers can sing along with their favorite bands and invite friends to join
TORONTO, Jan. 07, 2021 (GLOBE NEWSWIRE) -- iQIYI North America (Chinese: 爱奇艺; pinyin: Ài qí yì), the North American subsidiary of iQIYI (NASDAQ: IQ) has appointed award-winning Toronto-based THE JUSTIN POY AGENCY (a Div. of Justin Poy Media Inc.) as its exclusive media sales partner for the Canadian market. The Justin Poy Agency (JPA) was chosen after a comprehensive agency search, for its extensive experience in both the Canadian (English/French) and Canadian-Asian markets. JPA was established in 1993 as a multicultural media and creative agency specializing in the Chinese-Canadian market. The Agency is known for its memorable creative campaigns for the Canadian International AutoShow, Ca