JPMorgan said earlier today that it expects Cheetah Mobile's accelerated user acquisition strategy to drive mobile revenue up 410% in 2015 and 142% in 2016. It noted Cheetah remains the fastest growth company in its coverage universe. Nonetheless, it took its price target for shares down to $30 from $32 to reflect the short-term margin pressure from the accelerated user acquisition strategy. It thinks margins will recover "significantly" in 2016, however, and keeps an Overweight rating on the stock. Cheetah Mobile is trading up 94c to $23.68 in early trading.