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Stock impact report

Xunlei Limited: Dirt Cheap But No Near-Term Catalysts - Hold (Rating Downgrade) [Seeking Alpha]

Xunlei Limited - American Depositary Shares (XNET) 
US:NASDAQ Investor Relations: ir.xunlei.com
Company Research Source: Seeking Alpha
GAAP results were boosted by further price appreciation of the company's 7.8% stake in Chinese panoramic camera market leader Arashi Vision, better known as "Insta360". However, lockup requirements will preclude Xunlei from selling Arashi Vision shares until H2/2026. The company's mediocre Q3 results in combination with general market weakness have resulted in investor sentiment deteriorating further. The stock has declined more than 40% from recent multi-year highs. With the market on increasingly shake ground and given the lack of near-term catalysts, I am downgrading Xunlei Limited's stock from "Strong Buy" to "Hold" while lowering my price target from $13.70 to $9.00. CanY71/iStock Editorial via Getty Images Note: I have covered Xunlei Limited, or "Xunlei" ( XNET ) previously, so investors should view this as an update to my earlier article on the company. Last week, Chinese digital media content Internet platform Xunlei Limited More on my IG service Massively O Show less Read more
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