Bilibili is a significantly oversold asset at the moment
The stock has drawn down by more than 40% since the turn of the year. Nonetheless, there’s hope for Bilibili, as it’s a unique stock. Firstly, the company’s effort to appeal to a new consumer base has been successful. 86% of Bilibili’s user base is Gen-Z and younger millennials. Thus, the firm’s consumer longevity is of no doubt.
Also, the stock is relatively undervalued, with a price-to-sales discount of 65.7% compared to its five-year average and a price-to-book ratio at a discount of 65.9%.
Also, the stock is relatively undervalued, with a price-to-sales discount of 65.7% compared to its five-year average and a price-to-book ratio at a discount of 65.9%.
Turning to Wall Street, Bilibili earns a Moderate Buy consensus rating based on three Buys and six Hold ratings assigned in the past three months. The average BILI stock price target of $32.39 implies a 23.3% upside potential.
$BILIBILI-W (09626.HK)$ $Bilibili (BILI.US)$
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