IQ Price Prediction Next Week
Prediction and Recommendation for iQiyi (IQ) Stock
News Impact Analysis:
- iQiyi Land Theme Park Announcement: The company's plan to open a theme park could enhance brand engagement and revenue streams, but the market reaction has been negative, with the stock dropping 4.7% on the announcement day .
Technical Indicators:
- RSI: At 40.67 (RSI_6) and 49.35 (RSI_14), the stock is in a bearish zone but not oversold.
- MACD: Slightly positive, indicating weak bullish momentum.
- Fibonacci Levels: Pivot at 2.35, with support at 2.12 and resistance at 2.59.
Price Action:
- Recent close at 2.21 with a decline from 2.52 to 2.20, indicating strong selling pressure.
Prediction:
The stock is expected to test lower support levels, potentially reaching $2.00 next week.
Recommendation:
Sell iQiyi (IQ) stock as bearish momentum and negative news sentiment are likely to drive the price down further.
IQ Similar Chart Price Prediction
The price of IQ is predicted to go up 14.28%, based on the high correlation periods with TTC. The similarity of these two price pattern on the periods is 91.15%.
IQ
TTC
Up: 14.28%Similarity: 91.15%
IQ Revenue Forecast
IQ EPS Forecast
IQ FAQs
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IQ VS S&P500
Recent profitability suggest Iqiyi may have turned a corner and can maintain profitability despite slow membership growth.
Iqiyi remains a top-two competitor in terms of subscribership in the streaming video-on-demand industry and may benefit from consolidation.
The company saw brief success with blockbuster dramas in the past and may be able to replicate the blueprint in the long term.
IQ Analyst's Forecast
Alicia Yap
Citigroup
Strong Buy
2025-01-16
Price Target
$3 → $2.8
Upside
+49.73%
Citi analyst Vicky Wei lowered the firm's price target on iQiyi to $2.80 from $3 and keeps a Buy rating on the shares as part of a Q4 earnings preview. The firm now models an adjusted net loss instead of net profit in Q4 as it "conservatively" factors in the currency depreciation impact. Into Q1, Citi expects "tough competition to sustain," and says iQiyi will introduce various dramas for the Chinese New Year.
