Weibo Corporation (NASDAQ:WB) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 1.25 by 2 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating.
Other Equity analysts have also commented on the company shares. Goldman Sachs downgrades its rating on Weibo Corporation (NASDAQ:WB). The global brokerage major raises the current price target from $20 per share to $22 per share. Analysts at the Goldman Sachs have a current rating of Neutral on the shares. The shares were previously rated Buy. The rating by the firm was issued on May 16, 2016.
Weibo Corporation (NASDAQ:WB): 2 Analyst have given the stock of Weibo Corporation (NASDAQ:WB) a near short term price target of $25. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $1.41. The higher price target estimate is at $26 while the lower price estimates are fixed at $24.
Weibo Corporation (NASDAQ:WB) witnessed a decline in the market cap on Tuesday as its shares dropped 0.78% or 0.22 points. After the session commenced at $28.1, the stock reached the higher end at $28.71 while it hit a low of $27.6301. With the volume soaring to 1,281,861 shares, the last trade was called at $27.82. The company has a 52-week high of $29.49. The company has a market cap of $5,903 million and there are 212,177,390 shares in outstanding. The 52-week low of the share price is $8.78.
Weibo Corporation has dropped 0.96% in the last five trading days, however, the shares have posted positive gains of 20.96% in the last 4 weeks. Weibo Corporation is up 46.81% in the last 3-month period. Year-to-Date the stock performance stands at 42.67%.
Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content. The Company provides ways for people and organizations to publicly express themselves in real time, interact with others on a global platform and stay connected with the world. It operates in two segments: advertising and marketing services and other services. It offers self-expression products that enable its users to express themselves on its platform; social products to promote social interaction between users on its platform; discovery products to help users discover content on its platform, and notifications to notify users on Weibo account activities through short message service (SMS) or push notification on their device. It offers advertising and marketing solutions to enable its customers to promote their brands and conduct marketing activities. It offers its platform partners with tools and application programming interfaces (APIs).