Deutsche Bank (DE:DBKGn) analyst Leo Chiang maintained a Buy rating on Momo (NASDAQ:MOMO) Inc. on Friday, setting a price target of 12, which is approximately 11.70% below the present share price of $13.59.
Chiang expects Momo Inc . to post earnings per share (EPS) of $0.00 for the fourth quarter of 2020.
The current consensus among 4 TipRanks analysts is for a Moderate Buy rating of shares in Momo, with an average price target of $15.78.
The analysts price targets range from a high of $20 to a low of $12.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $3.77 billion and a net profit of $531.05 million. The company's market cap is $2.83 billion.
According to TipRanks.com, Deutsche Bank analyst Leo Chiang is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -6.0% and a 50.00% success rate.
Momo, Inc. operates as a mobile-based social networking platform. The platform includes Momo mobile application and related features, functionalities, tools and services that are provided to users, customers and platform partners. It offerings includes live video, value added and mobile game services. The company was founded by Yan Tang, Yong Li, Xiao Liang Lei and Zhiwei Li in July 2011 and is headquartered in Beijing, China.