Update shared on 27 Nov 2025
Fair value Increased 12%Analysts have raised their price target for JOYY from $62.56 to $69.82, citing improved advertising momentum and stronger revenue growth forecasts following recent quarterly results.
Analyst Commentary
Following JOYY's recent quarterly results, analysts have updated their outlook and price targets, reflecting both optimism and ongoing caution regarding the company's business trajectory.
Bullish Takeaways- Bullish analysts have increased their price targets, with several citing strong advertising momentum and expectations for accelerated revenue growth in the coming quarters.
- Recent valuation updates reflect a brighter outlook for JOYY's core business. The advertising segment is seen as a primary driver of improving fundamentals.
- Q3 results are viewed as a solid beat. This reinforces perspectives that JOYY is well-positioned to deliver robust growth in the near term, especially in digital advertising.
- Some analysts see the business as undervalued at current share levels and note that live streaming performance has stabilized, setting the stage for new growth catalysts.
- Despite lifting price targets, some analysts are keeping neutral or equal-weight ratings and highlight ongoing concerns over execution and the sustainability of advertising gains.
- Caution remains about the company’s ability to maintain accelerated growth rates beyond Q4, especially if macroeconomic conditions change.
- While advertising is rebounding, uncertainties persist regarding the long-term resilience of JOYY’s core revenue streams outside of this segment.
What's in the News
- JOYY Inc. declared a dividend of USD 0.97 per ADS, to be paid on January 13, 2026 to shareholders of record as of January 2, 2026. (Key Developments)
- The company issued revenue guidance for Q4 2025, expecting net revenues between USD 563 million and USD 578 million. This forecast is subject to market and macroeconomic factors. (Key Developments)
- From July 1, 2025 to November 19, 2025, JOYY repurchased 870,000 shares for $52.1 million, completing a total buyback of 1,700,000 shares for $88.6 million announced in March 2025. (Key Developments)
Valuation Changes
- The consensus analyst price target has risen from $62.56 to $69.82, reflecting a moderately stronger outlook.
- The discount rate has decreased slightly from 7.82 percent to 7.82 percent, suggesting slightly lower perceived risk in valuation models.
- Revenue growth expectations have increased from 4.18 percent to 4.84 percent, indicating higher anticipated sales momentum.
- The net profit margin projection has edged up from 11.54 percent to 11.94 percent, pointing to improved profitability forecasts.
- The future P/E ratio has climbed from 12.53x to 14.59x, signaling higher anticipated earnings multiples based on revised earnings expectations.
Disclaimer
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