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iQIYI Files Its Annual Report on Form 20-F

BEIJING, March 14, 2024 (GLOBE NEWSWIRE) — iQIYI, Inc. (Nasdaq: IQ) (“iQIYI” or the “Company”), a leading provider of online entertainment video services in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and

Analysts Are Bullish on Top Communication Services Stocks: Iqiyi (IQ), Opera (OPRA)

There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Iqiyi (IQResearch Report) and Opera (OPRAResearch Report) with bullish sentiments.

Iqiyi (IQ)

In a report released yesterday, Sophie Huang from CMB International Securities maintained a Buy rating on Iqiyi, with a price target of $8.60. The company’s shares closed last Thursday at $3.69, close to its 52-week low of $3.06.

According to TipRanks.com, Huang is ranked #2609 out of 8750 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Iqiyi with a $6.43 average price target, a 73.8% upside from current levels. In a report issued on February 21, Benchmark Co. also maintained a Buy rating on the stock with a $9.00 price target.

See the top stocks recommended by analysts >>

Opera (OPRA)

In a report released today, Lance Vitanza from TD Cowen maintained a Buy rating on Opera, with a price target of $25.00. The company’s shares closed last Thursday at $12.18.

According to TipRanks.com, Vitanza is a 5-star analyst with an average return of 17.6% and a 49.1% success rate. Vitanza covers the NA sector, focusing on stocks such as Clear Channel Outdoor, TKO Group Holdings, and Boston Omaha.

Currently, the analyst consensus on Opera is a Strong Buy with an average price target of $20.10, implying a 57.6% upside from current levels. In a report released yesterday, Lake Street also assigned a Buy rating to the stock with a $22.00 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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