J.P. Morgan gives Cheetah Mobile shares an overweight initial rating

Source: Internet
Author: User
Keywords The cheetah moves giving
Tags check internet + mobile mobile stock released set set to stock
Summary: Check the latest quotes Beijing time June 6 Evening News, JPMorgan released its investment report today, giving the Cheetah Mobile stock (NYSE:CMCM) overweight an initial rating, the target price set to 26 U.S. dollars. The following is a summary of the contents of the report: We give Cheetah Mobile view the latest quotes

Beijing Time June 6 Evening News, JPMorgan released its investment report today, gave Cheetah mobile stock (NYSE:CMCM) "overweight" initial rating, the target price set to 26 U.S. dollars.

The following is a summary of the contents of the report:

We gave the Cheetah mobile stock a "overweight" initial rating and set the target price at $26 trillion. The Cheetah Mobile unit is China's leading Internet security and key application developer, operating a similar flow export business with Qihoo 360. Cheetahs move through their consumer products to get a lot of traffic, and then transfer these traffic to the external platform (search engines, e-commerce sites, etc.) to commercialize. Cheetah Mobile has 223 million mobile month active users, and add 40 million to 50 million per quarter. By the end of this year, Cheetah Mobile users may be more than Qihoo, but the current commercial efficiency is far less than Qihoo.

Fastest growth: We expect the cheetah to move from 2015 to 2017, the revenue will rise to 74% (annual compound growth rate), the profit will reach 84%, mainly thanks to 60% of the 2013 to 2016 mobile usage rate and 128% of the commercial efficiency increase. This will allow the cheetah to move into the fastest-growing of the Chinese Internet concept stocks we are evaluating.

Top Price: We expect the cheetah to move up to $58 trillion (274% potential space) for the next 2 to 3 years, with a minimum of 14 dollars (10% of the decline). We expect a 70% per cent probability to be the highest share price, and only 30% per cent to the lowest price.

Valuation: We give the Cheetah mobile stock a "overweight" initial rating and set the target price at $26 trillion.


Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.