Bilibili price target raised to $15.50 from $12 at Citi

Citi analyst Brian Gong raised the firm’s price target on Bilibili to $15.50 from $12 and keeps a Neutral rating on the shares post the Q3 results. With a challenging environment, Bilibili announced plans to shift its strategic focus to loss narrowing and daily active user improvement rather than monthly active user increase, Gong tells investors in a research note.