JOYY (NASDAQ:JOYY) Trading 2.6% Higher - Time to Buy?

Market Beat
2026.05.07 07:47
portai
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JOYY Inc. (NASDAQ: JOYY) shares rose 2.6% to $60.27, with a trading volume increase of 35%. Analysts have mixed ratings: UBS rates it a "buy" with a target of $80, while Citigroup raised its target to $78. Zacks downgraded it to "strong sell." JOYY's market cap is $3.01 billion, with a P/E ratio of 1.54. The company announced a quarterly dividend of $1.38 per share, yielding 9.2%. Institutional investors hold 36.83% of the stock. JOYY focuses on social media and live-streaming platforms, enabling user-generated content.