Deutsche Bank Maintains a Buy Rating on JOYY (YY)

Deutsche Bank analyst Leo Chiang maintained a Buy rating on JOYY (YYResearch Report) on June 9 and set a price target of $57.00. The company’s shares closed last Friday at $32.67.

According to, Chiang is ranked #7239 out of 7909 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for JOYY with a $53.25 average price target, which is a 51.8% upside from current levels. In a report issued on June 1, Benchmark Co. also maintained a Buy rating on the stock with a $62.00 price target.

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The company has a one-year high of $75.75 and a one-year low of $23.14. Currently, JOYY has an average volume of 1.01M.

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JOYY, Inc. engages in managing a communication social platform, which enables users to join real-time online group activities through voice, text, and video. Its services include music and entertainment, online games, online dating, live game broadcasting, online education, and advertising. It operates through following segments: Live Streaming, Online Games, Membership and Others. The Live Streaming segment engages in the sales of in-channel virtual items used on live streaming platforms, including YY Live platform and Huya platform. The Online Games segment engages in the sales of in-game virtual items used for games. The Membership segment engages in the collection of membership subscription fees. The Others segment engages in the online education platform and online advertising and promotion. The company was founded by Xueling Li and Jun Lei in April 2005 and is headquartered in Guangzhou, China.

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