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Fly News Breaks for July 31, 2019
MEET
Jul 31, 2019 | 13:52 EDT
Meet Group reported a beat in Q2 with "strong" free cash flow but its revenue guidance was lower than expected due to the impact of near-term safety standards, Roth Capital analyst Darren Aftahi tells investors in a research note. While video growth was moderated for new safety measures, it is more than priced in, contends the analyst. He views Meet Group's 10% free cash flow "highly compelling" and risk/reward profile as "compelling" relative to his $6.50 price target. Aftahi keeps a Buy rating on Meet Group shares.
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