iQiyi Inc. (NASDAQ: IQ), a leading provider of online entertainment video services in China, saw its stock soar 5.35% in pre-market trading on Friday. The surge came ahead of the company's scheduled Q4 2024 and fiscal year 2024 earnings release on February 18, 2025.
Investors appear optimistic about iQiyi's upcoming financial results, as well as the company's successful execution of its intellectual property (IP) monetization strategy. One notable example is the exceptional response received by the multi-city tour of the stage adaptation of iQiyi's hit drama "Mysterious Lotus Casebook."
The positive sentiment surrounding iQiyi's stock was further bolstered by a Buy rating and a $3.00 price target from CMB International Securities analyst Saiyi He, who cited the company's strategic recovery and growth potential as key factors.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.