Brokerage Firm Rating Update on Weibo Corporation (WB)

Weibo Corporation (WB) : 4 analysts are covering Weibo Corporation (WB) and their average rating on the stock is 1.13, which is read as a Strong Buy. 3 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 (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 (WB) : The consensus price target for Weibo Corporation (WB) is $36.67 for the short term with a standard deviation of $10.97. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $43, however, the pessimist price target for the company is $24.


For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, JP Morgan assumes its outlook on Weibo Corporation (NASDAQ:WB). The current rating of the shares is Overweight, according to the research report released by the firm. The rating by the firm was issued on August 31, 2016.

Weibo Corporation (NASDAQ:WB): stock was range-bound between the intraday low of $48.31 and the intraday high of $51.53 after having opened at $51.5 on Wednesdays session. The stock finally closed in the red at $51.5, a loss of -3.93%. The stock remained in the red for the whole trading day. The total traded volume was 2,083,175 shares. The stock failed to cross $51.53 in Wednesdays trading. The stocks closing price on Thursday was $51.21.

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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