Momo Announces Unaudited Financial Results for the Third Quarter 2017

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Momo Inc. (MOMO) PT Lowered to $50 at Jefferies, Keeps 'Buy'

November 29, 2017 8:28 AM EST

Jefferies lowered its price target on Momo Inc. (NASDAQ: MOMO) to $50.00 (from $54.00) while maintaining a Buy rating following Q3 results.

Analyst Karen Chan notes MAU QoQ growth came in sluggish with flattish live streaming paying users due to higher engagement in... More