Zhihu (ZH) Stock: $1.50 Price Target From JPMorgan

May 16th, 2022 17:48 EST

  • The shares of Zhihu Inc (NYSE: ZH) have received a $1.50 price target from JPMorgan. These are the details.

The shares of Zhihu Inc (NYSE: ZH) have received a $1.50 price target from JPMorgan. And JPMorgan analyst Alex Yao upgraded the rating on the shares from “Underweight” to “Neutral.”

“We believe the alleviation of sector risks could drive a normalization of valuation framework yet trading multiples could linger at the low end of historical range as pandemic dampens consumption and hence ad spend. While we are revising down revenue estimates particularly in 2Q22E, we are still constructive on the development of knowledge-based content community and potential market share gain of Zhihu,” wrote Yao in a research note.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.

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