JOYY Inc Shares Exceed $47 Target; Analyst Reactions Loom
Shares of JOYY Inc (Symbol: JOYY) recently surpassed the average analyst 12-month target price of $47.02, trading at $48.21 per share. Analysts now face a decision: either downgrade based on current valuation or increase their price targets in response to positive business developments.
Within Zacks’ coverage, there are four target estimates for JOYY. While the average is $47.02, individual targets vary significantly. One analyst has set a target as low as $33.00, while another anticipates a high of $63.00, resulting in a standard deviation of $15.253.
The rationale behind examining the average price target is to capture a consensus view. As JOYY shares rise above $47.02, investors need to assess whether this is a stepping stone towards a higher target or if valuations have stretched too thin, warranting profit-taking.
| Recent JOYY Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 2 | 2 | 2 | 2 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 2 | 2 | 2 | 3 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.0 | 2.0 | 2.0 | 2.2 |
The average rating listed ranges from 1 (Strong Buy) to 5 (Strong Sell). Data is sourced from Zacks Investment Research via Quandl.com.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
