Fly News Breaks for May 20, 2015
CMCM
May 20, 2015 | 08:29 EDT
Oppenheimer raised its price target on Cheetah after the company reported stronger than expected Q1 results, and it announced its strategic goal to be among the top three global mobile ad platforms. The firm notes that the company's mobile revenue soared sixfold year-over-year in Q1, and the firm thinks the company's Q2 revenue growth guidance of 106%-109% looks conservative. Oppenheimer keeps an Outperform rating on the shares.
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