Momo Inc. found using ticker (MOMO) now have 24 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 50 and 25.9 calculating the mean target price we have 41.4. Now with the previous closing price of 31.89 this is indicating there is a potential upside of 29.8%. The 50 day moving average now sits at 30.95 and the 200 moving average now moves to 31.45. The market cap for the company is $6,554m. Company Website: 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.