Momo Inc. with ticker code (MOMO) now have 23 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 50.62 and 38.94 and has a mean target at 44.1. Given that the stocks previous close was at 30.01 this would indicate that there is a potential upside of 47.0%. There is a 50 day moving average of 35.48 and the 200 moving average now moves to 34.83. The company has a market capitalisation of $6,324m. You can visit the company’s website by visiting: 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.