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Fly News Breaks for August 16, 2016
MEET
Aug 16, 2016 | 08:33 EDT
Roth Capital analyst Darren Aftahi says that MeetMe's stock has been weak due to a South Carolina man who was found guilty of murder and met the victim using both Kik messenger and MeetMe app. The analyst notes that, unfortunately, these situations happen in the digital world and sees the pullback as a buying opportunity. Aftahi believes the company's fundamentals remain "strong," and reiterates a Buy rating and $8.50 price target on the shares.
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