03:20 PM EDT, 03/11/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

Following a strong end to 2025, we raise our 2026 EPS forecast to USD6.10 (well above our previous forecast of USD5.05) due to live streaming's return to growth and accelerating Bigo Ads momentum. We initiate our 2027 EPS forecast at USD6.71. Our 12-month target price is raised to USD68 (from USD57), based on a P/E multiple of 11.1x our projected 2026 EPS. Our improved target largely reflects improving revenue expectations, as JOYY ( JOYY ) returned to growth in Q4 2025 after a prolonged period of contraction. While execution on cost control, diversification, and AI-driven monetization has been solid, we believe investors will increasingly demand sustained evidence of stabilization and margin expansion before rewarding further multiple expansion. With $3.26 billion in net cash and continued strong operating cash flow ($116 million in Q4), the capital return program is well supported and provides a valuation floor. However, we view this as table stakes rather than a catalyst for re-rating.