Morgan Stanley came forward with a $51 PT while other companies also have a positive outlook on the future prospects of MOMO. With the acquisition of Tantan and a low P/E, Mr. Market will eventually realize MOMO is an undervalued asset. If the market shows signs of reduced volatility in April, this should break the wall around $40-41 and test ATH levels.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.