Nomura analyst Jialong Shi maintained a Buy rating on JOYY (NASDAQ:YY) on Tuesday, setting a price target of $157, which is approximately 113.14% above the present share price of $73.66.
Shi expects JOYY to post earnings per share (EPS) of $0.00 for the fourth quarter of 2020.
The current consensus among 1 TipRanks analysts is for a Moderate Buy rating of shares in JOYY, with an average price target of $157.
The analysts price targets range from a high of $157 to a low of $157.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $5.84 billion and a net profit of $95.24 million. The company's market cap is $5.95 billion.
According to TipRanks.com, Nomura analyst Jialong Shi is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 25.5% and a 66.67% success rate.
JOYY, Inc. engages in managing a communication social platform, which enables users to join real-time online group activities through voice, text, and video. Its services include music and entertainment, online games, online dating, live game broadcasting, online education, and advertising. It operates through following segments: Live Streaming, Online Games, Membership and Others. The Live Streaming segment engages in the sales of in-channel virtual items used on live streaming platforms, including YY Live platform and Huya (NYSE:HUYA) platform. The Online Games segment engages in the sales of in-game virtual items used for games. The Membership segment engages in the collection of membership subscription fees. The Others segment engages in the online education platform and online advertising and promotion. The company was founded by Xueling Li and Jun Lei in April 2005 and is headquartered in Guangzhou, China.