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Benzinga Insights

Citigroup Maintains Buy Rating for HUYA: Here's What You Need To Know

Citigroup has decided to maintain its Buy rating of HUYA (NYSE:HUYA) and lower its price target from $6.80 to $6.00.

Shares of HUYA are trading up 1.88% over the last 24 hours, at $4.08 per share.

A move to $6.00 would account for a 47.24% increase from the current share price.

About HUYA

HUYA Inc is a technology-driven content company with game live streaming as its core business and is focused on building a live broadcast platform. Its products include live broadcast platform Huya Live, and Nimo TV, a popular game live broadcast platform in Southeast Asia and South America.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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