JP Morgan Maintains Neutral on JOYY, Raises Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Daniel Chen maintains a Neutral rating on JOYY (NASDAQ:YY) but raises the price target from $30 to $35.
September 03, 2024 | 5:17 pm
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POSITIVE IMPACT
JP Morgan has maintained a Neutral rating on JOYY but increased the price target from $30 to $35, indicating a positive outlook.
The increase in the price target from $30 to $35 by JP Morgan suggests a positive outlook for JOYY, which could lead to a short-term increase in stock price. However, the Neutral rating indicates that the analyst does not see a strong buy opportunity, balancing the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100