Nomura Downgrades Bilibili to Neutral, Cuts TP to US$13
Nomura originally thought that Bilibili Inc. would easily monetize its ecosystem and generate considerable and sustainable revenue to help the Company achieve profitability. However, Bilibili Inc. often struggles to deliver the financial results expected by the market.
Nomura cut its target price for Bilibili Inc.'s US stock from US$18 to US$13, and downgraded rating from Buy to Neutral.
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