Brokerage Firm Rating Update on Sina Corporation (SINA)

Sina Corporation (SINA) : Zacks Investment Research ranks Sina Corporation (SINA) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 1.4, which indicates as a Strong Buy.

Sina Corporation (SINA) : The consensus price target for Sina Corporation (SINA) is $69.67 for the short term with a standard deviation of $6.43. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $77, however, the pessimist price target for the company is $65.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the JP Morgan assumes the rating on Sina Corporation (NASDAQ:SINA). The brokerage firm has issued a Overweight rating on the shares. The rating by the firm was issued on August 31, 2016.

Sina Corporation (NASDAQ:SINA): stock was range-bound between the intraday low of $80.6 and the intraday high of $84.25 after having opened at $83.13 on Wednesdays session. The stock finally closed in the red at $83.13, a loss of -2.33%. The stock remained in the red for the whole trading day. The total traded volume was 2,385,473 shares. The stock failed to cross $84.25 in Wednesdays trading. The stocks closing price on Thursday was $84.15.

SINA Corporation is an online media company serving China and the global Chinese communities. The Company operates its business through three business segments: SINA Portal, Weibo and other businesses. Its digital media network of, SINA mobile and Weibo enables Internet users to access media and users generated content (UGC) in multi-media formats from personal computers and mobile devices and share their interests with friends and acquaintances. offers professional content on each of its region-specific Websites and a range of complementary offerings. Its mobile portal,, provides news information and entertainment content from customized for mobile users in WAP (mobile browser) and mobile application format, such as SINA News, SINA Sports, SINA Finance, SINA Entertainment and SINA Blog. Weibo is a social media platform for people to create, distribute and discover Chinese-language content.

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