MeetMe Stock Climbing on Canaccord Rating

Shares of MeetMe (MEET) were gaining by 3.64% to $5.38 on Monday afternoon, after Canaccord Genuity set a "buy" rating and a $10 price target on the social networking company.

The firm cited MeetMe's incremental growth potential, revenue from acquisitions, and the launch of its video livestreaming capabilities as reasons for their rating.

More from Stocks

Trump, Trade Wars, General Electric, 'Jurassic World' - 5 Things You Must Know

Trump, Trade Wars, General Electric, 'Jurassic World' - 5 Things You Must Know

50 Stocks That Could Be Shredded If a U.S. Trade War With China Ignites

50 Stocks That Could Be Shredded If a U.S. Trade War With China Ignites

How Small-Cap Stocks Can Protect Your Portfolio From a Trade War

How Small-Cap Stocks Can Protect Your Portfolio From a Trade War

Stocks Weaken Around The World as Trump Opens New Fronts in Global Trade War

Stocks Weaken Around The World as Trump Opens New Fronts in Global Trade War

Trump Puts Tech in Trade War Crosshairs With Planned Curb on China Investment

Trump Puts Tech in Trade War Crosshairs With Planned Curb on China Investment