Momo Inc. with ticker code (MOMO) have now 23 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 51.31 and 39.47 with the average target price sitting at 44.51. Given that the stocks previous close was at 32.52 this is indicating there is a potential upside of 36.9%. The 50 day MA is 34.57 and the 200 moving average now moves to 34.71. The market cap for the company is $6,620m. 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.