Momo Inc. (MOMO) PT Raised to $56 at Citi
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Price: $5.96 +2.76%
Rating Summary:
11 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 11 | New: 25
Rating Summary:
11 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 11 | New: 25
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Citi raised its price target on Momo Inc. (NASDAQ: MOMO) to $56.00 (from $43.00) while maintaining a Buy rating.
Analyst Hillman Chan says the company's margin pressure for streamer/guild cost remain manageable and S&M efforts are more performance-driven and selective. The analyst likes the strong Q1 beat and guidance. Further Chan notes the positive outlook from content upgrade and guild co-op.
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