Benchmark Maintains Bilibili (BLBLF) Buy Recommendation

Benchmark maintained a Buy rating on Bilibili (OTCPK:BLBLF), setting an average one-year price target of $29.19/share, which implies a 104.82% upside from its current $14.25. The company anticipates annual revenue growth of 9.04% to 32,451MM, alongside a projected non-GAAP EPS of -2.99. Institutional interest in Bilibili is increasing, with 132 funds reporting positions (a 3.12% rise) and total institutional shares owned growing by 5.18% to 34,335K in the last quarter.

Analysis

Benchmark maintained a "Buy" recommendation for Bilibili (OTCPK:BLBLF) on November 14, 2025, setting an average one-year price target of $29.19/share. This target represents a significant 104.82% upside from the latest closing price of $14.25/share, indicating strong analyst conviction despite a wide target range of $19.08 to $39.15.

The company's projected annual revenue is 32,451MM, reflecting a 9.04% increase, which points to continued top-line expansion. However, Bilibili is still forecast to report a negative non-GAAP EPS of -2.99, highlighting persistent profitability challenges even with revenue growth.

Institutional investor sentiment appears positive, with 132 funds reporting positions, a 3.12% increase last quarter. Total shares owned by institutions grew by 5.18% to 34,335K shares over the past three months, and the average portfolio weight dedicated to BLBLF increased by 4.24%. This rising institutional interest suggests growing confidence in Bilibili's future, potentially overlooking current unprofitability for long-term potential.

Key Decisions for Investors

• Investors should evaluate the substantial 104.82% upside implied by Benchmark's $29.19 price target, considering it against the current share price.
• Monitor Bilibili's path to profitability, as the projected negative non-GAAP EPS of -2.99 indicates ongoing challenges despite a 9.04% revenue growth forecast.
• The increasing institutional ownership, evidenced by a 5.18% rise in shares held and a 4.24% increase in average portfolio weight, suggests a positive long-term outlook from sophisticated investors.