Analyst Rating Update on Weibo Corporation (WB)

Weibo Corporation (NASDAQ:WB) : 2 analysts are covering Weibo Corporation (NASDAQ:WB) and their average rating on the stock is 1.25, which is read as a Strong Buy. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Weibo Corporation (NASDAQ:WB) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels.

Weibo Corporation (NASDAQ:WB) : The highest level Weibo Corporation (NASDAQ:WB) is projected to reach is $26 for the short term and the lowest estimate is at $24. The consolidated price target from 2 rating analysts who initiate coverage on the stock is $25 and the possibility the share price can swing is $1.41.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, Goldman Sachs, downgrades their rating on the shares of Weibo Corporation (NASDAQ:WB). Goldman Sachs has a Neutral rating on the shares. Previously, the analysts had a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $22 per share from a prior target of $20. The rating by the firm was issued on May 16, 2016.

Weibo Corporation (NASDAQ:WB): stock turned positive on Tuesday. Though the stock opened at $26.9, the bulls momentum made the stock top out at $27.71 level for the day. The stock recorded a low of $26.2 and closed the trading day at $26.88, in the green by 1.63%. The total traded volume for the day was 1,550,571. The stock had closed at $26.45 in the previous days trading.

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).

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