Baidu, Alibaba, Momo, Tencent , Beigene https://www.nasdaq.com/article/...-for-market-beating-growth-cm981743
Market value: $10.4 billion
TipRanks consensus price target: $56.80 (11% upside potential)
TipRanks consensus rating: Strong Buy
Welcome to the 'Tinder of China.' Momo Inc. ( MOMO , $51.09) is a free social search and instant messaging mobile app that specializes in match-making, especially following the February acquisition for Tantan - "China's Tinder" - for $735 million. The Chinese stock recently soared 15% following stellar first-quarter results. MOMO announced revenue for the quarter of $435 million - up 64% year-over-year, and easily enough to crush the Street's consensus estimate of $396.3 million....Thanks to Tantan, MOMO is on the way to delivering upbeat second-quarter revenue of $470 million to $485 million. UBS analyst Jerry Liu upgraded Momo from "Hold" to "Buy" following the report. He is one of four analysts who recently ramped up their MOMO price targets. Jeffries' Karen Chan ( view Chan's TipRanks profile ) now has a $60 price target (17% upside potential), up from $55 previously....
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