China’s Netflix iQiyi Earnings Outlook

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  • #18758
    Super Harley
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    Chinese video streaming company iQiyi, known as China’s…

    [article]1159[/article]

    #18810
    ThePitBoss
    Participant

    Despite iQiyi Sell off Credit Suisse analyst Thomas Chong upgraded to outperform

    Upgraded from neutral saying iQiyi still has the potential to drive significant subscriber gains into next year.

    “The potential for iQiyi’s paying member growth is huge, estimated to to reach 125 million by 2019, implying net adds of about 38 million,” he wrote. The company’s “core competence remains intact,” Though

    Chong lowered his price target to $27.40 from $34 in conjunction with the upgrade.

    iQiyi’s stock has slipped 39% in the past three months, as the S&P 500 SPX, +1.47% has dropped 3.6%.

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