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Yahoo Finance Analysis: JPMorgan Chase is bullish on Singaporean tech company JOYY, assigning an "Overweight" rating and projecting an 8.3% dividend yield with 28% upside potential.
Yahoo Finance cited JPMorgan Chase analyst Daniel Chen, who stated that Singapore-based global technology and internet company JOYY (NASDAQ: YY) combines shareholder returns, cash generation, and growing advertising revenue. The analyst gave JOYY an "Overweight" rating with a price target of $96, projecting a 28% upside over the next year. Additionally, JOYY's annualized dividend yield is as high as 8.3%. JOYY's Bigo Live platform is popular in the Middle East and Southeast Asia, and its Bigo Ads is its fastest-growing revenue source.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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