MOMO is oversold and should go higher as market recovers

29 mars 2018Morgan Stanley came forward with a $51 PT while other companies also have a positive outlook on the future prospects of MOMO. With the acquisition of Tantan and a low P/E, Mr. Market will eventually realize MOMO is an undervalued asset. If the market shows signs of reduced volatility in April, this should break the wall around $40-41 and test ATH levels.