Analyst Explains Why They Downgraded Their Rating on Iqiyi (IQ)
In a report released today, Bo Pei CFA from Oppenheimer downgraded Iqiyi (IQ) to Hold, with a price target of $23.00. The company’s shares closed last Wednesday at $22.92.
CFA has an average return of 18.8% when recommending Iqiyi.
According to TipRanks.com, CFA is ranked #3921 out of 6704 analysts.
Currently, the analyst consensus on Iqiyi is a Moderate Buy with an average price target of $21.30.
See today’s analyst top recommended stocks >>
The company has a one-year high of $27.50 and a one-year low of $14.51. Currently, Iqiyi has an average volume of 10.83M.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on IQ: