Sina Corporation (SINA) stock is expected to deviate a maximum of $6.43 from the average target price of $69.67 for the short term period. 3 Street Experts have initiated coverage on the stock with the most promising target being $77 and the most muted being $65.
Sina Corporation (SINA) : Zacks Investment Research ranks Sina Corporation (SINA) as 3, which is a Hold recommendation. 3 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 4 research analysts is 1.5, which indicates as a Strong Buy.
Also, Citigroup initiates coverage on Sina Corporation (NASDAQ:SINA) The current rating of the shares is Buy. Equity Analysts at the Firm announces the price target to $69 per share. The rating by the firm was issued on August 5, 2016.
Sina Corporation (NASDAQ:SINA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $77.00 and $76.13 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $79.61. The buying momentum continued till the end and the stock did not give up its gains. It closed at $78.75, notching a gain of 2.94% for the day. The total traded volume was 3,014,845 . The stock had closed at $76.50 on the previous day.
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.