Iqiyi (IQ) received a Buy rating and a $23.20 price target from CMB International Securities analyst CMB International Securities yesterday. The company’s shares closed last Wednesday at $17.11.
Currently, the analyst consensus on Iqiyi is a Hold with an average price target of $24.35.
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The company has a one-year high of $28.03 and a one-year low of $14.51. Currently, Iqiyi has an average volume of 8.6M.
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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.