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Stock analysts at Stifel Nicolaus began coverage on shares of iDreamSky Technology Ltd (NASDAQ:DSKY) in a research report issued to clients and investors on Tuesday. The firm set a “buy” rating and a $27.00 price target on the stock.

Separately, analysts at Piper Jaffray initiated coverage on shares of iDreamSky Technology Ltd in a research note on Tuesday. They set an “overweight” rating and a $30.00 price target on the stock.

iDreamSky Technology Ltd (NASDAQ:DSKY) opened at 20.59 on Tuesday. iDreamSky Technology Ltd has a one year low of $15.68 and a one year high of $22.50. The stock’s 50-day moving average is $19.54 and its 200-day moving average is $19.54. The company’s market cap is $871.4 million.

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