In pre-market trading on Monday, Bilibili Inc. (BILI) declined 0.6%. BOCOM International raised its US stock target price to $32 and H-share target price to HK$248, while maintaining a "buy" rating.
BOCOM International released a research report stating that Bilibili's second-quarter revenue reached 7.3 billion yuan, representing a 20% year-over-year increase, which largely aligned with market and the firm's expectations. The adjusted net profit attributable to shareholders was 560 million yuan, slightly exceeding the firm's forecast of 530 million yuan. The firm expects third-quarter revenue to grow 4% year-over-year, with advertising revenue maintaining a 20% growth rate and adjusted operating profit of 620 million yuan.
The firm has slightly raised its adjusted net profit forecasts for Bilibili for 2025 and 2026, upgraded the US stock target price to $32 and H-share target price to HK$248, while maintaining a "buy" rating. The firm anticipates that enhanced user value and AI technology empowerment will further improve commercialization efficiency, and remains optimistic about the continuous release of operating leverage driving ongoing improvement in profitability.