HSBC analyst Binnie Wong maintained a Hold rating on Iqiyi Inc (IQ) today and set a price target of $24. The company’s shares opened today at $24.47.
According to TipRanks.com, Wong is ranked #608 out of 5229 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Iqiyi Inc with a $25 average price target.
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Based on Iqiyi Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $503 million. In comparison, last year the company had a GAAP net loss of $62.23 million.
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Iqiyi, Inc. engages in the provision of internet video streaming services. It also operates a smart television streaming service and an entertainment-based social media platform, iQIYI Paopao. The company was founded by Yu Gong in November 2009 and is headquartered in Haidan District, China.
