iQIYI Announces US$500 Million Private Placement of Convertible Notes with PAG

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UBS Upgrades iQIYI (IQ) to Buy Following Earnings Beat

September 1, 2022 9:02 AM EDT

UBS analyst Zhijing Liu upgraded iQIYI (NASDAQ: IQ) from Neutral to Buy with a price target of $4.80.

The analyst comments "IQ reported a strong bottom line beat in 2Q driven by better than expected COGS savings, while revenue was inline. Ad market... More