UPDATE: Piper Jaffray Lowers PT to $17 on Yoku.com on Comparative Risk/Reward

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

Piper Jaffray reiterated its Neutral rating on Yoku.com (NYSE: YOKU) and reduced its price target from $21 to $17. Piper Jaffray commented, "Youku reported its first quarter following the completion of its merger with Tudou. The bottom line is that Youku's core business appears to continue to perform well, while the business of Tudou is beginning to stabilize after a difficult period post the merger announcement. While we continue to believe in the combination of Youku and Tudou, given the ongoing transition we believe that shares of BIDU currently offer a better value and risk/reward profile. We maintain our Neutral rating on shares of YOKU."Yoku.com closed at $16.88 on Thursday.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!