0510 GMT - Iqiyi could deliver in-line revenue and better-than-expected adjusted operating profit for 4Q on solid cost controls, Jefferies analysts say in a research note. Its supply of top content has been stable since the end of November, and the Chinese video-streaming company owned by Baidu is likely to offer targeted packages to satisfy a diverse range of users, they note. The analysts keep a buy rating on the stock with a target price of $3.00. Its ADRs last closed at $1.86. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
January 16, 2025 00:10 ET (05:10 GMT)
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