Market Overview

I think you’ll love what you hear,
what you’ll see and the opportunities
that will be set before you.
- Jon Najarian

Expansion Into Live Broadcasting The Right Move For Momo


JPMorgan initiated coverage on Momo Inc (ADR) (NASDAQ: MOMO) with Overweight rating and $26 price target.

According to the analysts, mobile broadcasting drives top-line growth and profitability improvement. They view Momo as naturally suitable to host live broadcast activities, as demonstrated by the ramp-up of live broadcasting revenue since 1Q16.

The following reasons were provided by the analysts to support this view:

  • The purpose behind live broadcasting fits well with Momo's user base (killing time).
  • User acquisition costs and revenue sharing fees (to performers) are low due to an established user base.

The analysts expect live broadcasting revenue to reach US$214 million/US$418 million in 2016/17, representing 54 percent/61 percent of total revenue.

Latest Ratings for MOMO

Mar 2019UpgradesEqual-WeightOverweight
Dec 2018MaintainsBuyBuy
Dec 2018DowngradesOverweightEqual-Weight

View More Analyst Ratings for MOMO
View the Latest Analyst Ratings

Posted-In: JPMorganAnalyst Color Initiation Analyst Ratings


Related Articles (MOMO)

View Comments and Join the Discussion!

Latest Ratings

View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

Weibo Scores A $70 Price Target As JPMorgan Resumes Coverage At Overweight

YY Well-Positioned To Transition From PC To Mobile