The Goldman Sachs Group today cut Huya’s target to $22 from $28, a 20 percent reduction in their forecast. Yesterday analysts at Goldman downgraded the stock to a Neutral from a Buy rating.
STA Research(Stocktargetadvisor) has a average target of $23 on the stock, with a consensus Buy rating, with a upside forecast of 20 percent. STA has a slightly bearish sentiment currently on the stock. During intra-day trading the stock is up 2 percent.
About the Company: HUYA
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.
