HUYA (HUYA) Rating Increased to Buy at Goldman Sachs Group

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HUYA (NYSE:HUYA) was upgraded by research analysts at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a note issued to investors on Thursday, Marketbeat reports. The brokerage presently has a $28.00 target price on the stock, down from their previous target price of $34.00. Goldman Sachs Group’s target price would suggest a potential upside of 91.00% from the stock’s previous close.

A number of other research analysts have also weighed in on HUYA. Credit Suisse Group raised shares of HUYA from a “neutral” rating to an “outperform” rating and set a $25.80 price objective on the stock in a research note on Tuesday, November 13th. JPMorgan Chase & Co. began coverage on shares of HUYA in a research note on Tuesday, November 27th. They issued a “neutral” rating on the stock. Citigroup began coverage on shares of HUYA in a research note on Monday, October 29th. They issued a “buy” rating and a $26.00 price objective on the stock. Finally, CLSA began coverage on shares of HUYA in a research note on Tuesday, September 4th. They issued an “outperform” rating and a $33.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. HUYA has a consensus rating of “Buy” and an average target price of $30.76.

NYSE:HUYA opened at $14.66 on Thursday. HUYA has a 12 month low of $14.44 and a 12 month high of $50.82.

HUYA (NYSE:HUYA) last posted its quarterly earnings results on Monday, November 12th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.51. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.21 billion. The business’s revenue for the quarter was up 118.8% compared to the same quarter last year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its position in shares of HUYA by 162.7% during the third quarter. Wells Fargo & Company MN now owns 4,521 shares of the company’s stock valued at $107,000 after purchasing an additional 2,800 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of HUYA by 56.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 9,700 shares of the company’s stock valued at $228,000 after purchasing an additional 3,500 shares in the last quarter. Perpetual Ltd lifted its position in shares of HUYA by 46.3% during the third quarter. Perpetual Ltd now owns 18,000 shares of the company’s stock valued at $424,000 after purchasing an additional 5,700 shares in the last quarter. Bank of Montreal Can lifted its position in shares of HUYA by 3,741.5% during the third quarter. Bank of Montreal Can now owns 6,300 shares of the company’s stock valued at $149,000 after purchasing an additional 6,136 shares in the last quarter. Finally, BKS Advisors LLC bought a new position in shares of HUYA during the second quarter valued at about $230,000. 6.55% of the stock is currently owned by institutional investors.

HUYA Company Profile

HUYA Inc, through its subsidiaries, operates game live streaming platforms in the People's Republic of China. Its platforms enable broadcasters and viewers to interact during live streaming. The company also provides advertising and online game-related services. As of December 31, 2017, its live streaming content covered approximately 2,600 games, including mobile, PC, and console games.

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Analyst Recommendations for HUYA (NYSE:HUYA)

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