Huya price target raised to $6.30 from $4.60 at HSBC

HSBC analyst Ritchie Sun raised the firm’s price target on Huya to $6.30 from $4.60 and keeps a Hold rating on the shares. The company’s Q4 results beat on earnings but missed on sales, the analyst tells investors in a research note. The firm says that while higher than expected tournament cost savings in 2023 through 2025 will drive lower losses, Huya’s revenue outlook "remains murky."