DouYu price target lowered to $1 from $1.15 at HSBC

HSBC analyst Ritchie Sun lowered the firm’s price target on DouYu to $1 from $1.15 and keeps a Reduce rating on the shares post the Q4 results. The analyst believes DouYu will face further uncertainty in revenue growth as it prioritizes long-term ecosystem sustainability over near-term growth.