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Do Analysts Agree Monday on Hello Group Inc (MOMO) Stock's Target Price?

Monday, June 27, 2022 02:06 PM | InvestorsObserver Analysts
Do Analysts Agree Monday on Hello Group Inc (MOMO) Stock's Target Price?

Wall Street is positive on Hello Group Inc (MOMO). On average, analysts give the stock a Buy rating. The average price target is $12.2, which means analysts expect the stock to gain by 133.72% over the next twelve months. That average ranking earns the stock an Analyst Rating of 30, which is better than 30% of stocks based on data compiled by InvestorsObserver.

Overall Score - 4
Wall Street analysts are rating MOMO a Buy today. Find out what this means to you and get the rest of the rankings on MOMO!

Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Hello Group Inc Stock Today?

Hello Group Inc (MOMO) stock is higher by 4.4% while the S&P 500 is lower by -0.43% as of 2:05 PM on Monday, Jun 27. MOMO is higher by $0.22 from the previous closing price of $5.00 on volume of 1,942,828 shares. Over the past year the S&P 500 has fallen -9.22% while MOMO is lower by -67.27%. MOMO lost -$2.42 per share the over the last 12 months. Click Here to get the full Stock Report for Hello Group Inc stock.

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