Brokerage Firm Rating Update on Momo (MOMO)

Momo (MOMO) : 1 brokerage houses believe that Momo (MOMO) is a Strong Buy at current levels. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Momo (MOMO). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 2 Wall Street Analysts endorse the stock as a Buy with a rating of 2.

Momo (MOMO) : Average target price received by Momo (MOMO) is $19.35 with an expected standard deviation of $9.4. The most aggressive target on the stock is $26, whereas the most downbeat target is $13. 2 financial analysts are currently covering the stock.


Company shares have received an average consensus rating of Hold for the current week Also, JP Morgan initiates coverage on Momo (NASDAQ:MOMO) The current rating of the shares is Overweight. The rating by the firm was issued on August 31, 2016.

Momo (NASDAQ:MOMO): stock was range-bound between the intraday low of $22.77 and the intraday high of $24.2 after having opened at $24.07 on Wednesdays session. The stock finally closed in the red at $24.07, a loss of -1.07%. The stock remained in the red for the whole trading day. The total traded volume was 4,789,056 shares. The stock failed to cross $24.2 in Wednesdays trading. The stocks closing price on Thursday was $24.28.

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.

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