Merrill Lynch analyst Binnie Wong maintained a Buy rating on Bilibili Inc (NASDAQ: BILI) today and set a price target of $15. The company’s shares opened today at $11.11, close to its 52-week low of $9.09.
According to TipRanks.com, Wong is ranked #1105 out of 4869 analysts.
Bilibili Inc has an analyst consensus of Moderate Buy, with a price target consensus of $14.50, implying a 30.5% upside from current levels. In a report issued on August 29, J.P. Morgan also maintained a Buy rating on the stock with a $14 price target.
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Based on Bilibili Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $10.97 million. In comparison, last year the company had a GAAP net loss of $7.35 million.
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Bilibili, Inc. engages in the provision of content and entertainment experience. It covers genres and media formats, including videos, live broadcasting, and mobile games. The company was founded by Xu Yi in December 2013 and is headquartered Shanghai, China.
