Momo (MOMO) Receives ‘Analyst’ Rating

Momo (MOMO) : The consensus on Momo (MOMO) based on 2 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Momo (MOMO) : The most positive equity analysts on Momo (MOMO) expects the shares to touch $28, whereas, the least positive believes that the stock will trade at $26 in the short term. The company is covered by 2 Wall Street Brokerage Firms. The average price target for shares are $27 with an expected fluctuation of $1.41 from the mean.


Also, Major Brokerage house, Morgan Stanley upgrades its ratings on Momo (NASDAQ:MOMO). In the latest research report, Morgan Stanley raises the target price from $12.7 per share to $28 per share. According to the latest information available, the shares are now rated Equal-weight by the analysts at the agency. Previously, the analysts had a Underweight rating on the shares. The rating by the firm was issued on September 6, 2016.

Momo (NASDAQ:MOMO): After opening at $23.4, the stock dipped to an intraday low of $23.32 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $24.28 and the buying power remained strong till the end. The stock closed at $23.62 for the day, a gain of 3.05% for the day session. The total traded volume was 4,210,799. The stocks close on the previous trading day was $22.92.

Momo Inc. is a holding company. The Company operates Momo, a mobile-based social networking platform. The Company enables users to establish social relationships based on location and interests. Its platform includes its Momo mobile application and a range of related features, functionalities, tools and services that it provides to users, customers and platform partners. Momo users can maintain their relationships through its private and group communication tools, content creation and sharing functions, as well as the offline social activities promoted on its platform. The Momo mobile application is available on android, iOS and Windows platforms. Momo features various location and interest-based features, such as Nearby People, Groups, Message Board, Topics and Nearby Events, multi-media instant messaging tools, as well as mobile games. Its other services include emoticons and mobile marketing services. Its virtual store features emoticons designed in-house and by third-parties.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.