0914 GMT - Hello Group's performance is likely to remain impacted by macroeconomic headwinds, but other major risks have diminished, Citi analysts Brian Gong and Alicia Yap write in a research note. The operational adjustments to Momo, the social media app run by the Chinese company, have hurt revenue momentum this year but are unlikely to pose a challenge in 2025, the analysts say. Gross profit margin is expected to contract further in 4Q due to rising revenue from overseas apps and year-end bonuses, they add. The analysts maintain a neutral rating on the stock, citing ongoing macroeconomic softness, but have raised the target price of its ADRs to US$7.00 from US$5.90. The ADRs last traded at $7.39. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
December 10, 2024 04:14 ET (09:14 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。