Momo found using ticker (MOMO) have now 23 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 50.92 and 38.09 with a mean TP of 44.22. With the stocks previous close at 36.83 this now indicates there is a potential upside of 20.1%. The 50 day moving average now sits at 36.1 and the 200 day MA is 34.83. The market capitalisation for the company is $7,690m. Company Website: http://www.immomo.com
Momo operates a mobile-based social and entertainment platform in the People’s Republic of China. The company operates Momo platform that includes its Momo mobile application and various related features, functionalities, tools, and services to users, customers, and platform partners. It offers Momo mobile application that enables users to establish and expand their social relationships based on locations; interests; and recreational activities, including live talent shows, short videos, social games, and other video- and audio-based interactive experiences. The company also operates Tantan, a social and dating app to help its users to find and establish romantic connections, as well as to meet interesting people primarily for young mobile Internet users. The company was formerly known as Momo Technology Company Limited and changed its name to Momo in July 2014. Momo was founded in 2011 and is headquartered in Beijing, the People’s Republic of China.