Bullish Analyst Sparks Bilibili (BILI) Price Surge

We recently published a list of These 10 Stocks Are Flying High. In this article, we are going to take a look at where Bilibili Inc. (NASDAQ:BILI) stands against other best-performing stocks on Wednesday.

Bilibili saw its share prices increase by 8.28 percent on Wednesday to close at $21.06 apiece as investors took path from an optimistic outlook from an investment firm.

In its market note, Zacks Research said Bilibili Inc. (NASDAQ:BILI) appears to be “an attractive pick given a noticeable improvement in the company’s earnings outlook.”

Currently, Bilibili Inc. (NASDAQ:BILI) carries a “buy” recommendation from Zacks Research, thanks to promising estimates revisions.

In the first quarter of the year, the company said it narrowed its net loss attributable to shareholders by 99 percent to 9.1 million yuan from 748 million yuan in the same period last year.

Revenues increased by 25 percent to 7 billion yuan from 5.66 billion yuan in the same period last year.

A group of millennials playing an online game on their mobile devices.

For the current quarter, analysts estimated Bilibili Inc. (NASDAQ:BILI) to earn $0.16 per share, marking a 277.78 percent upside from the same period last year.

Overall, BILI ranks 9th on our list of best-performing stocks on Wednesday. While we acknowledge the potential of BILI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.