Iqiyi, Inc. shares fall 1.22% after-hours following Nomura's price target adjustment.

Iqiyi, Inc. declined 1.22% in after-hours trading. The drop in stock price may be attributed to the lack of positive news events directly related to the company. The recent news events mentioned are primarily related to JPMorgan Chase & Co. and other unrelated financial activities, which do not provide a clear bullish or bearish sentiment for iQIYI, Inc.