iQIYI found using ticker (IQ) have now 22 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 17.17 and 2.63 with a mean TP of 5.27. With the stocks previous close at 5.88 this indicates there is a potential downside of -10.4%. The 50 day MA is 3.21 while the 200 day moving average is 3.62. The market capitalisation for the company is $5,349m. Company Website: https://www.iqiyi.com
The potential market cap would be $4,794m based on the market concensus.
iQIYI, together with its subsidiaries, provides online entertainment services under the iQIYI brand in the People’s Republic of China. The company offers various products and services comprising internet video, online games, live broadcasting, online literature, animations, e-commerce, and social media platform. It operates a platform that provides a collection of internet video content, including professionally-produced content licensed from professional content providers and self-produced content. The company also provides membership, content distribution, and online advertising services. In addition, it operates iQIYI Show, a live broadcasting service that enables users to follow their favorite hosts, celebrities, and shows in real time through live broadcasting; and iQIYI Lite, an easy and quick access to the personalized videos based on their user preferences. Further, it is involved in the talent agency and IP licensing activities, as well as engages in developing a video community app. The company was formerly known as Qiyi.com and changed its name to iQIYI in November 2017. iQIYI was incorporated in 2009 and is headquartered in Beijing, China. iQIYI is a subsidiary of Baidu Holdings Limited.
