Bilibili jumps after launch of mobile game Three Kingdoms
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 13 2024
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- Bilibili Stock Surge: Bilibili's stock rose by 8% after the launch of the mobile game "Three Kingdoms."
- Barclays Capital Upgrade: Barclays Capital upgraded Bilibili to Equal-weight from Underweight due to strong first-quarter results and potential third-quarter breakeven.
- Tencent's Dungeon & Fighter Mobile: Tencent launched "Dungeon & Fighter Mobile," expected to have generated over $140M in player spending in its first week.
- Impact on Tencent: The game, based on Nexon's franchise, is anticipated to provide a significant boost to Tencent's gaming portfolio.
- Analyst Upgrades and Reports: UBS upgraded Bilibili to Buy, while Barclays also positively assessed Bilibili's performance and outlook.
Analyst Views on BILI
Wall Street analysts forecast BILI stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for BILI is 30.25 USD with a low forecast of 27.00 USD and a high forecast of 34.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
7 Buy
1 Hold
0 Sell
Strong Buy
Current: 31.980
Low
27.00
Averages
30.25
High
34.00
Current: 31.980
Low
27.00
Averages
30.25
High
34.00
About BILI
Bilibili Inc is an investment holding company primarily engaged in providing online entertainment services. Content business categories include anime content, pan entertainment and pan knowledge content. Community business provides a community interaction platform. Value-added services mainly include live streaming and paid membership services. Advertising business is mainly engaged in advertising business, covering household appliances, e-commerce, Internet services, automobiles and other industries. Mobile gaming business mainly engages in mobile game development, including San Guo: Mou Ding Tian Xia, Fate Grand Order, Azure Lane, and others. The Company also engages in commercial services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
