Bilibili price target raised to $26 from $22 at Mizuho

Mizuho analyst James Lee raised the firm’s price target on Bilibili (BILI) to $26 from $22 and keeps an Outperform rating on the shares. The company reported a strong earnings print with better revenue and a margin beat, the analyst tells investors in a research note. The firm believes the “strong ecosystem,” premium content supply, and engaging users will enable Bilibili to deliver mid-teens revenue growth and another seven points of margin improvement year-over-year in fiscal 2025.