Huya price target raised to $3.90 from $2.80 at HSBC

HSBC raised the firm’s price target on Huya to $3.90 from $2.80 and keeps a Hold rating on the shares. The company’s sales growth remains weak but margins might see upside, the analyst tells investors in a research note. 2024, the firm expects a flat top line as quarterly live-streaming revenue stabilizes.