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Fly News Breaks for April 10, 2019
BILI
Apr 10, 2019 | 10:04 EDT
UBS analyst Angela Xu imitated Bilibili with a Buy and $23 price target saying it is uniquely positioned in terms of users and content among online video platforms. Its differentiated content and social features drive a sticky community of anime, comics and games fans and young users, who are highly willing to spend on content, the analyst wrote in a note to investors. Xu believes Bilibili remains in the early stages of monetization and over time has a high chance of developing multiple revenue growth driver than peers.
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