03:30 AM EDT, 08/27/2025 (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:

We cut our 2025-2026 earnings per ADS forecasts for JOYY Inc ( JOYY ) to USD4.60 and USD5.05 (from USD5.25 and USD5.45), respectively, after its H1 2025 earnings showed slower-than-expected margin gains. Our 12-month target price is raised to USD57 (from USD51), at a 11.3x P/E multiple applied to our 2026 earnings per ADS forecast. This multiple reflects a ~35% discount to JOYY's ( JOYY ) three-year historical average, which we believe is appropriate given ongoing revenue contraction and persistent declines in MAUs and paying users. We note this discount has been declining as the market looks ahead to non-livestreaming revenue growing ahead of the core livestreaming business into 2026. Still, despite JOYY's ( JOYY ) strong balance sheet and recent turnaround in margin, we believe clearer signs of user and revenue stabilization must emerge before the market can have faith in its full earnings recovery.