Citigroup Maintains Buy Rating for Autohome: Here’s What You Need To Know

Citigroup has decided to maintain its Buy rating of Autohome (NYSE:ATHM[1]) and raise its price target from $33.00 to $41.00.

Shares of Autohome are trading up 6.17% over the last 24 hours, at $38.27 per share.

A move to $41.00 would account for a 7.13% increase from the current share price.

About Autohome

Autohome Inc is an automotive Internet platform. The company through its subsidiaries is primarily engaged in the provision of media services, leads generation services, and online marketplace in the People’s Republic of China. The firm delivers comprehensive, independent, and interactive content to automobile buyers & owners and also offers transaction services. It also provides subscription services to dealers, which allow them to market their inventory and services through the company’s websites and mobile applications. All of its revenue is derived from China.

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.

References

  1. ^ ATHM (markets.businessinsider.com)

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