智通财经网·2025-11-17 03:56Core Viewpoint - Goldman Sachs has raised the target price for Bilibili-W (09626, BILI.US) from HKD 234 to HKD 240, an increase of 2.6%, and from USD 30 to USD 30.8, an increase of 2.7%, while maintaining a "Buy" rating [1] Group 1: Company Performance - Bilibili's Q3 performance and management's comments during the non-deal roadshow (NDR) reaffirm Goldman Sachs' investment thesis [1] - The company is maintaining a high-quality content community with strong user engagement [1] Group 2: Revenue and Profit Expectations - Goldman Sachs has adjusted Bilibili's revenue forecasts for 2025-2027 upwards by 0%-1%, reflecting better-than-expected advertising and other revenues [1] - The non-GAAP net profit forecast for 2025 has been increased by 5% [1] Group 3: Growth Potential - Bilibili is leveraging higher advertising conversion rates and AI technology for traffic monetization [1] - The new gaming projects have significant growth potential through 2026 [1]