Qihoo 360 Sales Seen Doubling On Mobile Gaming

By | March 5, 2014

Scalper1 News

Chinese security and search firm Qihoo 360 Technology (QIHU) on Thursday is expected to report doubled Q4 sales on strong momentum from mobile gaming. “As a leading mobile-game platform, we believe Qihoo is well-positioned to enjoy robust growth in the mobile game industry,” wrote T.H. Capital analyst Tian X. Hou, who rates the stock as a buy with a price target at 123. Analysts expect Qihoo’s Q4 sales to climb 104% to $209.7 million from $103 Scalper1 News

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