Citigroup has decided to maintain its Buy rating of Autohome (NYSE:ATHM) 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.
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.
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This article was generated by Benzinga’s automated content engine and reviewed by an editor.