Bernstein analyst Boris Van raised the firm’s price target on Bilibili (BILI) to $32 from $28 and keeps an Outperform rating on the shares. The firm notes Bilibili shares have been up +10% on positive sales data from the launch of new title Escape From Duckov. This marks the start of their games up-cycle and Bernstein takes up its target price on a better-than-expected games business performance with expected catalysts from games release and billings data in coming months.
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