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MOMO

Momo

$30.64

0.11 (0.36%)

08:06
11/21/18
11/21
08:06
11/21/18
08:06

Momo price target lowered to $40 from $50 at TH Data Capital

TH Data Capital analyst Tian Hou lowered his price target for Momo to $40 and keeps a Buy rating on the shares ahead of the company's Q3 results in late November. The analyst expects revenue to be in-line with consensus but points out Momo also needs to invest in Tantan. As such, he believes the company's margin is likely to be lower than Q2 and Q3 of last year. Given today's "economic, political and market situation," many Chinese companies are likely to be "more conservative in their business operation," Hou tells investors in a research note.

MOMO Momo
$30.64

0.11 (0.36%)

11/09/18
EGHT
11/09/18
UPGRADE
EGHT
Buy
Momo upgraded to Buy from Hold at 86 Research
07/31/18
STPT
07/31/18
UPGRADE
STPT
Buy
Momo upgraded to Buy from Hold at Standpoint Research
06/18/18
STPT
06/18/18
DOWNGRADE
STPT
Hold
Momo downgraded to Hold from Buy at Standpoint Research
06/11/18
JEFF
06/11/18
NO CHANGE
Target $60
JEFF
Buy
Momo price target raised to $60 from $55 at Jefferies
Jefferies analyst Karen Chan raised her price target for Momo to $60 after hosting a meeting with management. The analyst sees "ample room" for user expansion and believes the company's professional broadcaster ecosystem will drive strong organic live streaming momentum. She keeps a Buy rating on the shares.

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