Bilibili price target lowered to $14.70 from $23.30 at CLSA

CLSA analyst Elinor Leung lowered the firm’s price target on Bilibili to $14.70 from $23.30 and keeps an Outperform rating on the shares ahead of the company’s quarterly report. Bilibili continued to face pressure in its gaming and advertising businesses said Leung, who expects total revenue to grow 11% year-over-year.