Bilibili upgraded at Credit Suisse on strong fundamentals after pullback

  • Revisiting the stock after the recent pullback, Credit Suisse found “little change” in Bilibili’s (NASDAQ:BILI) fundamentals, prompting an upgrade from Neutral to Outperform.
  • The firm still likes BILI for its fastest user growth among enterprise peers, the potential for deeper Gen Z penetration to drive more growth, a strong content pipeline, a potential upside surprise in ad growth, and the recent Hong Kong index inclusion.
  • The DCF-based price target drops from $150 to $140, factoring in dilution…

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