Momo Inc. with ticker code (MOMO) now have 24 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 48.6 and 25.69 calculating the average target price we see 42.32. Now with the previous closing price of 38.48 this would indicate that there is a potential upside of 10.0%. The day 50 moving average is 35.6 and the 200 day moving average is 33.43. The market cap for the company is $7,360m. Visit the company website at: http://www.immomo.com
Momo Inc. 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 Inc. in July 2014. Momo Inc. was founded in 2011 and is headquartered in Beijing, the People’s Republic of China.