Jefferies Maintains SINA Corp to Buy with Price Target $95.00

Brokerage firm Jefferies Maintains its rating on SINA Corp(NASDAQ:SINA). In a research note issued to the investors, the brokerage major Raises the price-target to $95.00 per share. The shares have been rated Buy. The rating by Jefferies was issued on Sep 30, 2016.

In a different note, On Sep 14, 2016, Brean Capital said it Maintains its rating on SINA Corp. In the research note, the firm Raises the price-target to $65.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 31, 2016, JP Morgan said it Assumes its rating on SINA Corp. The shares have been rated ‘Overweight’ by the firm. Citigroup said it Initiates Coverage on SINA Corp, according to a research note issued on Aug 5, 2016. The shares have been rated ‘Buy’ by the firm. On Jul 22, 2016, Jefferies said it Upgrades its rating on SINA Corp. The shares have been rated ‘Buy’ by the firm.

SINA Corp (SINA) made into the market gainers list on Tuesdays trading session with the shares advancing 3.48% or 2.66 points. Due to strong positive momentum, the stock ended at $79.11, which is also near the day’s high of $80.42. The stock began the session at $76.9 and the volume stood at 29,12,997 shares. The 52-week high of the shares is $85.24 and the 52 week low is $39.58. The company has a current market capitalization of $5,525 M and it has 6,98,40,751 shares in outstanding.

SINA Corp(SINA) last announced its earnings results on Aug 8, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $241.35M. Analysts had an estimated revenue of $231.69M. Earnings per share were $0.27. Analysts had estimated an EPS of $0.15.

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.com 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. SINA.com offers professional content on each of its region-specific Websites and a range of complementary offerings. Its mobile portal SINA.cn provides news information and entertainment content from SINA.com 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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