Zacks: DouYu International Holdings Limited (NASDAQ:DOYU) Given $12.50 Average Target Price by Analysts

Shares of DouYu International Holdings Limited (NASDAQ:DOYU) have been assigned an average broker rating score of 1.25 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company.

Brokerages have set a 12-month consensus price target of $12.50 for the company, according to Zacks. Zacks has also assigned DouYu International an industry rank of 170 out of 256 based on the ratings given to its competitors.

Several research analysts have recently weighed in on the stock. Bank of America started coverage on shares of DouYu International in a report on Monday. They set a “buy” rating for the company. Citigroup started coverage on shares of DouYu International in a research report on Monday. They set a “buy” rating for the company.

Shares of DOYU traded down $0.48 during mid-day trading on Tuesday, hitting $9.45. 2,980,836 shares of the company traded hands, compared to its average volume of 3,024,066. DouYu International has a 1 year low of $7.77 and a 1 year high of $11.88.

About DouYu International

DouYu International Holdings Limited operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming in China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.

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