Navigating 4 Analyst Ratings For Hello Gr
Portfolio Pulse from Benzinga Insights
Over the past three months, four analysts have provided ratings for Hello Gr (NASDAQ:MOMO), with a mix of bullish and indifferent sentiments. The average 12-month price target has dropped by 25.57% to $10.68. Analysts from JP Morgan, Benchmark, and Citigroup have lowered their price targets, reflecting a cautious outlook. Despite challenges in revenue growth, Hello Gr shows strong financial health with high net margins, ROE, and ROA, and a low debt-to-equity ratio.
June 03, 2024 | 2:00 pm
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NEGATIVE IMPACT
Hello Gr (NASDAQ:MOMO) has received mixed analyst ratings over the past three months, with a significant drop in the average 12-month price target by 25.57%. Analysts from JP Morgan, Benchmark, and Citigroup have lowered their price targets, indicating a cautious outlook. Despite a decline in revenue growth, the company maintains strong financial health with high net margins, ROE, and ROA, and a low debt-to-equity ratio.
The significant drop in the average price target and the lowering of targets by multiple analysts suggest a cautious outlook on Hello Gr's stock. The decline in revenue growth further supports a negative short-term impact. However, the company's strong financial health metrics provide some resilience.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100