Do Analysts Expect JOYY Inc (YY) Stock to Rise After It Is Up 12.17% in a Month?

InvestorsObserver is giving JOYY Inc (YY) an Analyst Rating Rank of 46, meaning YY is ranked higher by analysts than 46% of stocks. The average price target for YY is $57 and analyst’s rate the stock as a Strong Buy.

Wall Street analysts are rating YY a Strong Buy today. Find out what this means to you and get the rest of the rankings on YY!

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Why are Analyst Ratings Important?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers. InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With JOYY Inc Stock Today?

JOYY Inc (YY) stock is up 1.28% while the S&P 500 is lower by -0.52% as of 2:34 PM on Friday, Dec 2. YY is higher by $0.38 from the previous closing price of $29.39 on volume of 606,559 shares. Over the past year the S&P 500 is lower by -11.40% while YY is lower by -36.57%. YY earned $8.01 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 3.72. Click Here to get the full Stock Report for JOYY Inc stock.