IQIYI Stock Forecast, Price & News

IQIYI's stock was trading at $19.76 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, IQ shares have increased by 17.4% and is now trading at $23.20.
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8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for IQIYI in the last year. There are currently 2 sell ratings, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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IQIYI is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for IQIYI.

IQIYI Inc (NASDAQ:IQ) posted its quarterly earnings data on Thursday, August, 13th. The company reported ($1.96) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.49) by $1.47. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. IQIYI had a negative return on equity of 118.55% and a negative net margin of 35.09%.
View IQIYI's earnings history.

IQIYI issued an update on its third quarter 2020 After-Hours earnings guidance on Thursday, August, 13th. The company provided EPS guidance of for the period. The company issued revenue guidance of $984.1M - 1 billion, compared to the consensus revenue estimate of $1.07 billion.

8 analysts have issued 1 year target prices for IQIYI's stock. Their forecasts range from $20.00 to $23.00. On average, they anticipate IQIYI's stock price to reach $21.81 in the next twelve months. This suggests that the stock has a possible downside of 6.0%.
View analysts' price targets for IQIYI.

IQIYI saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 34,410,000 shares, an increase of 12.1% from the August 15th total of 30,690,000 shares. Based on an average daily trading volume, of 8,470,000 shares, the days-to-cover ratio is presently 4.1 days.
View IQIYI's Short Interest.

Some companies that are related to IQIYI include ADIDAS AG/S (ADDYY), Activision Blizzard (ATVI), ORIENTAL LD CO/ADR (OLCLY), TAL Education Group (TAL), Lululemon Athletica (LULU), Las Vegas Sands (LVS), Electronic Arts (EA), SANDS CHINA Ltd/ADR (SCHYY), Marriott International (MAR), VF (VFC), ANTA Sports Products (ANPDF), Luxottica Group (LUXTY), UNICHARM CORP/S (UNICY), Liberty Broadband Corp Series C (LBRDK) and Liberty Broadband Corp Series A (LBRDA).
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Based on aggregate information from My MarketBeat watchlists, some companies that other IQIYI investors own include Alibaba Group (BABA), NVIDIA (NVDA), JD.Com (JD), Square (SQ), Micron Technology (MU), Baidu (BIDU), TENCENT HOLDING/ADR (TCEHY), Shopify (SHOP), Netflix (NFLX) and Advanced Micro Devices (AMD).

(IQ) raised $2.3 billion in an initial public offering (IPO) on Thursday, March 29th 2018. The company issued 125,000,000 shares at a price of $17.00-$19.00 per share. Goldman Sachs (Asia), Credit Suisse and BofA Merrill Lynch served as the underwriters for the IPO and China Renaissance, Citigroup and UBS Investment Bank were co-managers.

IQIYI trades on the NASDAQ under the ticker symbol "IQ."

IQIYI's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (1.10%), Krane Funds Advisors LLC (0.35%), Canada Pension Plan Investment Board (0.26%), FMR LLC (0.20%), Davis Selected Advisers (0.15%) and Softbank Group Corp (0.12%).

IQ stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Anglepoint Asset Management LTD., Krane Funds Advisors LLC, TB Alternative Assets Ltd., Public Employees Retirement System of Ohio, Global Thematic Partners LLC, Advisor Group Holdings Inc., and Engineers Gate Manager LP.

IQ stock was bought by a variety of institutional investors in the last quarter, including Canada Pension Plan Investment Board, Softbank Group Corp, KEYWISE CAPITAL MANAGEMENT HK Ltd, Macquarie Group Ltd., Newport Asia LLC, Nuveen Asset Management LLC, Bridgewater Associates LP, and SG Americas Securities LLC.

Shares of IQ can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of IQ stock can currently be purchased for approximately $23.20.

IQIYI has a market capitalization of $17.02 billion and generates $4.12 billion in revenue each year. The company earns $-1,482,850,000.00 in net income (profit) each year or ($2.03) on an earnings per share basis. IQIYI employs 8,889 workers across the globe.

The official website for IQIYI is www.iqiyi.com.

IQIYI's mailing address is 9/F IQIYI INNOVATION BUILDING NO.2 HAIDIAN NORTH STREET HAIDIAN, BEIJING F4, 100080. The company can be reached via phone at 86-10-6267-7171 or via email at [email protected]