Defined mobile strategy could serve as catalyst for Qihoo 360, says UBS UBS is optimistic about Qihoo 360's growth momentum in search and mobile, but believes a better defined mobile strategy could serve as a catalyst for the shares. The firm sees a margin squeeze in Q2 but an anticipated pickup in search monetization should support margin recovery. UBS has a Buy rating with a $155 price target on Qihoo.
China mobile game sector to grow slower in 2015, says Rosenblatt Rosenblatt says Tencent reported below consensus numbers, particularly in mobile games, where revenue fell sequentially. The firm expects China's mobile game sector to grow slower in 2015 and remains on the sidelines with regards to shares of Sky-mobi (MOBI), China Mobile Games (CMGE) and iDreamSky (DSKY). Rosenblatt thinks Qihoo's(QIHU) mobile game distribution business will also be hurt by the slowing growth.