Bilibili, Inc. Class Z (9626) Receives a New Rating from Macquarie

In a report released yesterday, from Macquarie initiated coverage with a Buy rating on Bilibili, Inc. Class Z and a price target of HK$280.29. The company’s shares closed today at HK$200.60.

Elevate Your Investing Strategy:

• Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Bilibili, Inc. Class Z has an analyst consensus of Strong Buy, with a price target consensus of HK$237.06, representing a 18.18% upside. In a report released on September 30, Goldman Sachs also maintained a Buy rating on the stock with a HK$234.00 price target.

Based on Bilibili, Inc. Class Z’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of HK$7.34 billion and a net profit of HK$219 million. In comparison, last year the company earned a revenue of HK$6.13 billion and had a GAAP net loss of HK$608.7 million