Published On: Wed, Oct 19th, 2016

Momo Inc. (NASDAQ:MOMO) Analyst Review

A number of investment brokers have recently updated their price targets on shares of Momo Inc. (NASDAQ:MOMO).

Most recent broker ratings

09/14/2016 – Credit Suisse began new coverage on Momo Inc. giving the company a “outperform” rating. They now have a USD 29 price target on the stock.

09/06/2016 – Momo Inc. was upgraded to “equal-weight” by analysts at Morgan Stanley. They now have a USD 28 price target on the stock.

08/31/2016 – JP Morgan began new coverage on Momo Inc. giving the company a “overweight” rating. They now have a USD 26 price target on the stock.

05/08/2015 – Momo Inc. was downgraded to “hold” by analysts at Zacks.

The share price of Momo Inc. (NASDAQ:MOMO) was up +2.47% during the last day of trading, with a day high of 24.45. 1883684 shares were traded during the last session.

The stock’s 50 day moving average is 23.66 and its 200 day moving average is 16.38. The stock’s market capitalization is 4.57B. Momo Inc. has a 52-week low of 6.72 and a 52-week high of 26.65.

Momo Inc. is a holding company. The Company operates Momo, a mobile-based social networking platform. The Company’s Momo platform includes its Momo mobile application and a range of related features, functionalities, tools and services that it provides to users, customers and platform partners. Momo users can maintain their relationships through its private and group communication tools, content creation and sharing functions, as well as the offline social activities promoted on its platform. It also offers live music and entertainment broadcasts on its Momo platform. The Momo mobile application, which is available on android, iPhone operating system (iOS) and Windows platforms, enables users to establish social relationships based on locations and interests. Momo offers a personal way for users to discover people nearby, and the Company facilitates the connecting, communicating, interacting, and content sharing with others.