Analysts Are Upgrading These 5 Stocks on Friday

4. iQIYI, Inc. (NASDAQ:IQ)

Number of Hedge Fund Holders: 14

iQIYI, Inc. (NASDAQ:IQ) was upgraded from a Neutral to a Buy rating by Alicia Yap at Citi earlier today. The analyst also increased the price target on iQIYI, Inc. (NASDAQ:IQ) from $4.50 to $5.60 following the Q1 2022 results. The revised target price represents a potential upside of 43.2% from the last closing price. Yap highlighted that iQIYI, Inc. (NASDAQ:IQ) is making efforts to optimize its cost, which helped the firm in reporting a profit that was higher than the analysts’ expectations for Q1 2022.

Hillhouse Capital Management was long over 38.6 million shares of iQIYI, Inc. (NASDAQ:IQ) during Q1 2022.