Oppenheimer Thinks BlueCity Holdings’ Stock is Going to Recover

In a report released today, Bo Pei CFA from Oppenheimer maintained a Buy rating on BlueCity Holdings (BLCT), with a price target of $20.00. The company’s shares closed last Tuesday at $10.77, close to its 52-week low of $8.04.

According to TipRanks.com, CFA is a 2-star analyst with an average return of 5.9% and a 45.5% success rate. CFA covers the Technology sector, focusing on stocks such as Tencent Music Entertainment Group, Yalla Group, and Iqiyi.

BlueCity Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $20.00.

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The company has a one-year high of $35.89 and a one-year low of $8.04. Currently, BlueCity Holdings has an average volume of 453.9K.

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BlueCity Holdings Ltd is an internet company. It offers Blued mobile app; Danlan Public Interest which provides public health services; He Health is a health service platform focused on men’s health by providing online health services; Bluedbaby is personalized family planning services platform. The company generates revenues from live streaming, advertising, membership and other services. The company geographically operates through China market.

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