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<Research>JPM Upgrades BILIBILI-W (09626.HK) to Overweight w/ TP $270, Suggests Investors to Bottom Fish
Recommend 3 Positive 6 Negative 1 |
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JPMorgan upgraded BILIBILI-W (09626.HK)(BILI.US)'s US stock/ H-shares to Overweight, and elevated its target prices from US$27/ $210 to US$35/ $270. The Company's stock price has retreated from its high in January 2026, mainly due to investor concerns about the returns on increased AI investments, the overall adjustment of Chinese internet stocks, and the Company's high PE valuation, the broker noted. However, JPMorgan suggested that investors should bottom fish the stock now, believing that the Company's strategy to increase AI investment is correct. Last year, AI has already become a driver for the Company's user engagement and advertising revenue growth, and it is expected to continue driving related growth in the coming years. AASTOCKS Financial News Website: www.aastocks.com |
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