Equities research analysts at Credit Suisse Group initiated coverage on shares of Sogou (NYSE:SOGO) in a note issued to investors on Monday, MarketBeat.com reports. The firm set an “outperform” rating and a $16.30 price target on the stock. Credit Suisse Group’s target price would indicate a potential upside of 46.06% from the stock’s current price.
Sogou (NYSE:SOGO) traded down $1.14 during mid-day trading on Monday, hitting $11.16. The company’s stock had a trading volume of 3,688,600 shares, compared to its average volume of 4,073,647. Sogou has a 1 year low of $11.00 and a 1 year high of $14.70.
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Sogou Inc is a search and Internet company. The Company’s Sogou Search is a search engine in China. Its cross-language search service enables users to discover English content on the Internet by querying in Chinese and reading content that it has translated into Chinese. The Company’s products and services include Sogu Search, Sogou Input Method and other products.
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