iQIYI, Inc. with ticker code (IQ) now have 21 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 12.49 and 2.8 and has a mean target at $8.47. Given that the stocks previous close was at $6.93 this would indicate that there is a potential upside of 22.2%. The 50 day moving average now sits at $6.99 and the 200 moving average now moves to $4.45. The total market capitalization for the company now stands at $6,716m. Visit the company website at: https://www.iqiyi.com
The potential market cap would be $8,208m 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.
