The Netflix of China has become the hottest stock for millennials
- Millennial investors are loving shares of iQiyi this past week.
- iQiyi, partly owned by Baidu, moved up 16 places in the top 100 of most owned stocks on the popular and free stock-trading app Robinhood, which targets millennial investors.
- Users added more positions to iQiyi than they did to any other top 100 Robinhood stock.
- Watch IQ trade in real time here.
The Netflix of China is is gaining some serious traction with millennial investors.
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It's possible millennials are loving piling into iQiyi because of some bullish analyst notes out over the past week. Citic Securities, the investment-banking arm of Chinese bank Citic Group, and First Shanghai both upgraded shares to "buy" rating, with First Shanghai also raising its price target to $35 a share.iQiyi shares are up 59% this year.
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