Benchmark Co. Reaffirms Their Buy Rating on Hello Group (MOMO)

In a report released today, Fawne Jiang from Benchmark Co. reiterated a Buy rating on Hello Group, with a price target of $13.00. The company’s shares closed yesterday at $7.88.

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Jiang covers the Consumer Cyclical sector, focusing on stocks such as Mercadolibre, Trip.com Group Sponsored ADR, and Sea. According to TipRanks, Jiang has an average return of 18.8% and a 60.46% success rate on recommended stocks.

Hello Group has an analyst consensus of Moderate Buy, with a price target consensus of $11.00, implying a 39.59% upside from current levels. In a report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $9.00 price target.

Based on Hello Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.52 billion and a net profit of $357.99 million. In comparison, last year the company earned a revenue of $2.56 billion and had a net profit of $5.18 million