Bilibili (BILI) Mentioned Cautiously at Morgan Stanley

Morgan Stanley analyst Alex Poon reiterated an Equalweight rating and $13.00 price target on Bilibili (NASDAQ: BILI)

The analyst comments "3Q23 was a slight miss in games and ads, and 4Q guidance was light. We think top-line risk in 2024 skews to the downside with an uncertain game pipeline and likely slower ads growth (2023 was helped by inorganic growth of live streaming ecommerce). Break-even still seems far away (3Q24E). EW. "

For an analyst ratings summary and ratings history on Bilibili click here. For more ratings news on Bilibili click here.

Shares of Bilibili closed at $13.34 yesterday.

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