Bilibili Inc Stock Surges 7.5% Amid Analyst Forecasts and GF Value Estimate.

Bilibili Inc (BILI) shares surged 7.5% on July 7, reaching an intraday high of $22.56. The stock is currently 29.35% below its 52-week high and 76.45% above its 52-week low. Analysts forecast an average target price of $24.79, implying an upside of 10.43% from the current price. The estimated GF Value for BILI in one year is $21.33, suggesting a downside of 4.97% from the current price.

Bilibili Inc (BILI) reported strong financial performance in its third quarter, with significant growth in revenue and a positive adjusted net income. The company's net revenue reached 7.306 billion yuan (1.041 billion USD), a 26% year-on-year increase. Gross profit rose to 2.547 billion yuan (0.363 billion USD), up 76% year-on-year, while the gross margin improved to 34.9%. The adjusted net income turned positive for the first time, reaching 0.236 billion yuan, a 137.35% increase year-on-year [1].

The company's mobile games and advertising businesses drove this growth. Mobile game revenue increased by 84% to 1.823 billion yuan (0.26 billion USD), mainly due to the success of the exclusive licensed game "Three Kingdoms: Strategizing the World." Advertising revenue grew by 28% to 2.094 billion yuan (0.298 billion USD) [1].

Bilibili's daily active users reached a new high of 0.1073 billion, up 4.38% year-on-year, and monthly active users reached 0.348 billion, both setting new historical highs. The average daily usage time also increased to 106 minutes, a 6-minute increase compared to the same period last year [1].

Despite these positive developments, Bilibili's stock has been volatile. On July 7, BILI shares surged 7.5% to reach an intraday high of $22.56. The stock is currently 29.35% below its 52-week high and 76.45% above its 52-week low. Analysts forecast an average target price of $24.79, implying an upside of 10.43% from the current price. The estimated GF Value for BILI in one year is $21.33, suggesting a downside of 4.97% from the current price [2].

Bilibili's chairman and CEO Chen Rui stated, "Our daily active users and monthly active users reached new highs of 0.107 billion and 348 million respectively, and the average daily usage time for users also reached a new high of 106 minutes, an increase of 6 minutes compared to the same period last year." The company also announced a share buyback plan, under which it may repurchase no more than 0.2 billion USD of publicly traded securities over the next 24 months [1].

References:
[1] https://www.moomoo.com/news/post/54334264/record-tr4cking-news-default
[2] https://www.moomoo.com/news/post/54334264/record-tr4cking-news-default