The latest Market Talks covering Technology, Media and Telecom. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

0729 GMT - iQiyi's top-line outlook remains challenging, say HSBC analysts in a research note. Revenue is likely to decline by 11% year-over-year in 2Q mainly due to weaker membership revenue from poor performance of selected long-awaited dramas, and softer advertising business, they note. Overall user time spent on long-form video platforms is declining as short video platforms continue to gain time spent share, they note. HSBC maintains a hold rating and raises target price of its ADRs to $1.80 from $1.65 to factor in the change in FX. The ADRs were last traded at $1.96. iQiyi's 2Q results are expected in August. (tracy.qu@wsj.com)

0459 GMT - WiseTech Global's estimate that it can generate US$50 million of synergies from its acquisition of e2open looks conservative to Jefferies analyst Roger Samuel. He points out that e2open managed to reduce costs by US$30 million following its own earlier acquisition of INTTRA. Samuel tells clients in a note that he also sees potential for revenue synergies, with several e2open products likely to appeal to the logistics software provider's existing customers. The reverse is also true, he adds. Samuel says that discussions with former senior e2open executives have increased his conviction in the merits of combining the companies. Jefferies lifts its target price by 21% and keeps a buy rating on the stock, which is up 0.9% at A$116.19. (stuart.condie@wsj.com)

0442 GMT - Kuaishou Technology is likely to benefit from its video generation model, according to HSBC analysts in a commentary. ByteDance's Seedance, Google's Veo 3 and Kuaishou's Kling 2.1 emerge as key contenders in the video generation field with different angles, the analysts say.There are no clear winners amid a relatively low entry barrier, and it's also easy for users to switch from one app to another at this stage, the analysts say. That said, Kuaishou's Kling AI has an upside from both a monetisation and valuation aspect. HSBC maintains a buy rating on Kuaishou and raises its target price to HK$82.00 from HK$75.00 on a valuation upside in Kling AI. Shares last traded at HK$71.20. (tracy.qu@wsj.com)

0441 GMT - Tech stocks are poised to have a strong 2H with the AI revolution tailwinds accelerating across the industry, Wedbush analysts say in a research note. Further adoption of generative AI could be a major catalyst for the software sector, with use cases exploding over the next 12 to 18 months, the analysts say. Meanwhile, the Trump administration could continue to soften its stance around tariffs and not dramatically alter the current tech landscape, they say. "Investors are still not fully appreciating the tidal wave of growth on the horizon from the $2 trillion of spending over the next 3 years," they say. For every $1 spent with Nvidia, there could be $8 to $10 spent throughout the rest of the tech ecosystem, Wedbush estimates. (sherry.qin@wsj.com)

0417 GMT - Australian property advertiser Domain is unlikely to start a price war with REA Group but could still put pressure on its larger rival, Jarden analysts write in a note. With Domain shareholders scheduled to vote Aug. 4 on a takeover by U.S.-listed CoStar, the Jarden analysts reckon Domain's marketing budget could rise. They speculate that this could limit REA's annual yield growth to a percentage in the mid-high single digits and force the News Corp-controlled advertiser to respond in kind with its own increased marketing spend. Jarden raises its target price by 2.9% to A$216.00 and stays underweight on the stock, which is down 0.4% at A$239.17. News Corp is the parent company of Dow Jones & Co., publisher of The Wall Street Journal and Dow Jones Newswires. (stuart.condie@wsj.com)

0135 GMT - Jarden analysts see a chance that 4Q advertising revenues at News Corp's Dow Jones unit might beat their expectations. They tell clients in a note that current macroeconomic uncertainty justifies their forecast of a 6% fall in 4Q ad revenues, but acknowledge that strong momentum in some of Dow Jones's professional-services offerings could make their estimates seem conservative. Their 4Q Ebitda forecast for Dow Jones is 7% weaker than consensus. Jarden raises its target price on News Corp's Australia-listed stock by 1.1% to A$54.60. Shares are down 3.4% at A$52.04. News Corp is the parent company of Dow Jones & Co., publisher of The Wall Street Journal and Dow Jones Newswires. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

July 21, 2025 04:20 ET (08:20 GMT)

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