YY Inc, (YY) PT Raised to $46 at Jefferies

Jefferies analyst Thomas Chong raised the price target on YY Inc, (NASDAQ: YY) to $46.00 (from $40.00) while maintaining a Buy rating.

The analyst comments "3Q revenue was in line with consensus and our estimate. Adj operating profit came in above our forecast on better-than-expected BIGO performance. Midpoint of 4Q rev guidance was largely in line with expectations. Expect JOYY to continue to demonstrate solid execution with solid cost control. 2025 non-GAAP OP is expected to improve on narrowing losses from All Other segment. Our PT to US$46 (vs US$40), factoring in the latest business trends post results. Buy."

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