Zhixun Finance and Economics APP learned that Goldman Sachs released a research report stating to maintain a "buy" rating on bilibili-W (09626), with the target price raised from 176 Hong Kong dollars to 180 Hong Kong dollars. It is expected that higher gross profit from gaming and advertising business will lead to a profit upgrade cycle. The company's third-quarter performance was roughly in line with expectations and achieved breakeven for the first time.

The bank pointed out that on November 15th (last Friday), a non-trading roadshow was conducted with the management of bilibili to discuss performance. Key discussions included the continuous evolution of the business model under the drive of high-profit advertising and gaming business, becoming even more robust and profitable; and the company is expected to achieve a net income margin of 10 to 15% by 2026. The bank believes this will support continuous upward adjustments to their forecasts in the next 6 to 12 months.