In a report released today, Eddie Leung from Merrill Lynch reiterated a Hold rating on Iqiyi Inc (NASDAQ: IQ), with a price target of $41. The company’s shares closed yesterday at $32.02.
According to TipRanks.com, Leung is ranked #449 out of 4840 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Iqiyi Inc with a $32 average price target.
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The company has a one-year high of $46.23 and a one-year low of $15.30. Currently, Iqiyi Inc has an average volume of 23.87M.
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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.
