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YY Can Sustain Its Leadership Position; Goldman Initiates At Buy
Thursday, August 31, 2017 - 2:49pm | 320Goldman Sachs' Fan Liu initiates coverage of China-based YY Inc (ADR) (NASDAQ: YY) Thursday with a Buy rating and $101 price target as the company has proven itself to be a "pioneer" in live streaming. YY's dominance in live streaming dates back to the PC era, but as the industry shifted away from...
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2 Catalysts, 4 Key Risks And A Buy Rating For Momo
Thursday, August 31, 2017 - 12:40pm | 439Goldman Sachs initiated coverage of Momo Inc (ADR) (NASDAQ: MOMO) with a Buy rating and a $56 price target, suggesting about 64-percent upside from current levels. At the time of writing, Momo shares were rallying 5.24 percent to $37.96. Analysts Fan Liu, Piyush Mubayi, Ronald Keung and Sef...
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Goldman's Five Key Points On Alibaba's Results & Share Buyback Program
Wednesday, August 12, 2015 - 4:33pm | 334Shares of Alibaba Group Holding Ltd (NYSE: BABA) closed down 5 percent on Wednesday after the company announced its Q1 financial results. Earnings came in at $0.59 per share, in line with the Street’s consensus; revenue of $3.270 billion, however, was slightly below consensus expectations,...