Morgan Stanley raises JOYY stock price target to $66 on ad growth
PositiveFinancial Markets

- Morgan Stanley has raised its stock price target for JOYY to $66, driven by expectations of growth in advertising revenue. This adjustment reflects the firm's confidence in JOYY's potential to capitalize on increasing ad spending in the digital space.
- The increase in the price target is significant for JOYY as it indicates a positive outlook from a major financial institution, which could influence investor sentiment and attract more capital to the company, enhancing its market position.
- This development aligns with broader trends in the market, where companies like BJ's Wholesale Club and Moog have also reported strong earnings, suggesting a robust economic environment that may support further growth in the tech and retail sectors.
— via World Pulse Now AI Editorial System







