Sohu’s Strong Q3 Performance and Strategic Buy Rating Amid Forecasted Q4 Challenges
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Citi analyst Alicia Yap maintains a Buy rating on Sohu with a $22.00 price target, citing strong Q3 performance driven by online gaming. Despite forecasted Q4 challenges, including a decline in gaming revenue and a return to net loss, Sohu's stock repurchase program and revised valuation support the Buy rating. Jefferies also maintains a Buy rating with a $20.00 target.
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