Why iQiyi Stock Is Up 13% Today
iQiyi (NASDAQ: IQ) shareholders beat the market on Tuesday, with the stock rising 13% by 11 a.m. EDT. The China-based streaming video specialist appeared to be benefiting from an optimistic outlook by a Wall Street investment firm.
Image source: Getty Images.
An analyst at Citigroup on Monday issued an updated growth outlook for the business that sees the stock landing at roughly $10 per share over the next year.
Source Fool.com
