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.

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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.

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Source Fool.com