Entering text into the input field will update the search result below

Momo up 4.5% as Credit Suisse launches it, YY at Buy

Sep. 15, 2016 3:03 PM ETHello Group Inc. (MOMO) StockYY, MOMOBy: Jason Aycock, SA News Editor
  • App platforms Momo (NASDAQ:MOMO) and YY (NASDAQ:YY) are likely to be the big winners of a live-video renaissance in China, Credit Suisse says, initiating coverage of both stocks at Outperform.
  • Momo, on the run today up 4.5%, got a price target of $29, implying 21% upside from today's elevated price. YY -- having less success today, down 1.5% -- got a price target of $64, implying 18.5% upside from here.
  • Momo is "the best play in mobile live streaming," CS says, noting new products should lead to resumed user growth and "meaningful" revenue upside.
  • "We like YY due to its proven track record and recurring cash flow from PC live streaming, with optionality from mobile product evolution and adequate margin of safety on valuation," the firm writes.
  • Though down today, YY shares are up 39% over the past three months.

Recommended For You

More Trending News

About MOMO Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
MOMO--
Hello Group Inc.