WebbBart
2022-12-06

$Bilibili Inc.(BILI)$

** U.S.-listed shares of Chinese gaming firm Bilibili BILI.O rise 2.9% to $20.26

** J.P. Morgan raises PT to $30 from $20, estimates BILI to break-even in 2024

** Says positive on BILI's long-term profit outlook after co's decision to switch growth target from monthly to daily active users, streamlining of R&D investment and cut in low ROI projects

** "We consider BILI a China reopening beneficiary" - JPM

** JPM on Nov. 30 raised its long position in HK shares of BILI9626.HK to 11.17% from 10.79%, according to HKEX Filing

** Twenty-seven of 36 brokerages rate BILI "buy" or higher and 9 "hold"; their median PT is $23.1 - Refinitiv data

** Up to last close, stock had fallen 57.6% this year

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