Oppenheimer Remains a Buy on Aurora Mobile (JG)

Oppenheimer analyst Bo Pei CFA maintained a Buy rating on Aurora Mobile (JGResearch Report) today and set a price target of $6.00. The company’s shares closed last Thursday at $3.06.

According to TipRanks.com, CFA is ranked 0 out of 5 stars with an average return of -12.4% and a 25.0% success rate. CFA covers the Technology sector, focusing on stocks such as Tencent Music Entertainment Group, BlueCity Holdings, and Tencent Holdings.

Currently, the analyst consensus on Aurora Mobile is a Moderate Buy with an average price target of $6.50.

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Aurora Mobile’s market cap is currently $399.7M and has a P/E ratio of -11.60. The company has a Price to Book ratio of 8.38.

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Aurora Mobile Ltd. is a holding company, which engages in the provision of mobile big data solutions platform. It also offers mobile apps and provide core in-app functionalities needed by developers, including push notification, instant messaging, analytics, and sharing and short message service. The company was founded by Wei Dong Lou and Chen Fei on April 9, 2014 and is headquartered in Shenzhen, China.