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UPDATE: CICC Cuts PT to $5 on Taomee on Low Monetization

Related TAOM
Top 4 Small-Cap Stocks In The Internet Information Providers Industry With The Highest Profit Margin
Earnings Scheduled For August 26, 2014

CICC reiterated its Buy rating on Taomee (NYSE: TAOM) and reduced its price target to $5 a share.

CICC said, "Enriched product line, but low monetization strategy continues. Given the fierce online competition, Taomee is continuing with its low monetization strategy to increase user growth and engagement. The strategy has proved effective with a record high of active accounts in 3Q12. Going forwards, Taomee will develop and add more online games with relatively high ARPU to its existing product portfolio."

Taomee closed at $3.43 on Friday.

Latest Ratings for TAOM

DateFirmActionFromTo
Nov 2012China International Capital
Mar 2012Stifel NicolausDowngradesBuyHold
Mar 2012Deutsche BankDowngradesBuyHold

View More Analyst Ratings for TAOM
View the Latest Analyst Ratings

Posted-In: CICCAnalyst Color Price Target Intraday Update Analyst Ratings

 

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