Why Bilibili Shares Are Rising

Bilibili Inc – ADR BILI shares are trading higher by 6.32% to $11.78 during Tuesday’s session. Shares of Chinese stocks are trading higher amid broader China strength. Chinese stocks may be impacted by U.S. Treasury Secretary Yellen’s China trip and upcoming inflation data.

During a four-day visit to China, U.S. Treasury Secretary Janet Yellen focused on enhancing economic relations while addressing concerns over China’s manufacturing overcapacity. Yellen emphasized the importance of a fair economic relationship and open dialogue during her meeting with Wang Weizhong, governor of Guangdong.

She also highlighted the global risks associated with China’s industrial overcapacity, stressing the need for cooperation to prevent adverse effects on the global economy…Read More

Is BILI A Good Stock To Buy?

Wall Street analysts view Bilibili on the whole as a Buy, given the history of coverage over the past three months. Brian Gong from Citigroup in Bilibili is the most bearish, expecting a 30.56% fall in the stock in the coming year.

But looking at how the market as a whole thinks of the stock, you can reference historical price action for views on whether investors feel strongly about the stock one way or another. In the past 3 months, Bilibili rose 5.71%, which indicates that opinion improved on the business and how attractive it is to own based on either its stock price, or underlying fundamentals, like revenue, which rose 0.42% over the past year.

A complete overview of how Wall Street views individual stocks is available here, while real time updates on the latest analyst actions will be delivered via Benzinga PRO. Try it for free.

According to data from Benzinga Pro, BILI has a 52-week high of $22.53 and a 52-week low of $8.80.