Hello Group (MOMO) Stock: $20 Target And Buy Rating

By Amit Chowdhry ● Jun 20, 2022
  • The shares of Hello Group Inc. (NASDAQ: MOMO) have received a $20 price target from Benchmark. These are the details.

The shares of Hello Group Inc. (NASDAQ: MOMO) have received a $20 price target from Benchmark. And Benchmark analyst Fawne Jiang is maintaining a “Buy” rating on the shares.

Jiang adjusted the rating while citing the company’s first-quarter results and the issuance of second-quarter guidance below expectations. Even though macro and COVID disruptions create uncertainties for mobility activities (including dating), Jiang expects growth pressure on both core Hello and Tantan in the near quarters. And the company has been actively returning capital back to shareholders and the analyst views Hello Group as a strong cash play.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.