iQIYI, Inc. which can be found using ticker (IQ) have now 21 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 12.48 and 2.79 suggesting an average Analsyt target price of $8.46. Given that the stocks previous close was at $6.96 and the analysts are correct then we can expect a percentage increase in value of 21.6%. It’s also worth noting that there is a 50 day moving average of $7.14 while the 200 day moving average is $4.62. The market capitalization for the company is $6,405m. Company Website: https://www.iqiyi.com
The potential market cap would be $7,785m based on the market consensus.
iQIYI, Inc., together with its subsidiaries, provides online entertainment video services in the People’s Republic of China. It offers various products and services, including online video, online games, online literature, animations, and other products. The company operates a platform that provides a collection of internet video content, such as professionally produced content licensed from professional content providers and self-produced content. It also offers membership, online advertising, content distribution, and live broadcasting services. In addition, the company operates iQIYI Show, a live broadcasting platform that enables users to follow their favorite hosts and shows in real time through live broadcasting; and iQIYI Lite, which offers 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, Inc. and changed its name to iQIYI, Inc. in November 2017. iQIYI, Inc. was incorporated in 2009 and is headquartered in Beijing, China. iQIYI, Inc. is a subsidiary of Baidu, Inc.
The company is not paying dividends at this time.
