Jefferies Reiterates Buy Rating on HUYA Inc. (HUYA)

Jefferies analyst Thomas Chong reiterated a Buy rating and $6.40 price target on HUYA Inc. (NYSE: HUYA)

The analyst comments "We adjust our revenue estimates in 2H, factoring in latest business trends. In 3Q, we factor in the impact of macro headwinds on live streaming revenue while new initiatives should come in better than our prior expectations. In 4Q, we expect total revenue to see slight sequential growth due to new initiatives while live streaming should be stable on sequential basis. We factor in higher non-GAAP earnings due to non-op items (e.g interest income). Maintain Buy."

For an analyst ratings summary and ratings history on HUYA Inc. click here. For more ratings news on HUYA Inc. click here.

Shares of HUYA Inc. closed at $4.26 yesterday.

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