Weibo Corp (ADR) Coverage Initiated by Analysts at Piper Jaffray (WB)
Investment analysts at Piper Jaffray assumed coverage on shares of Weibo Corp (ADR) (NYSE:WB) in a note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating and a $25.00 price target on the stock. Piper Jaffray’s price objective would indicate a potential upside of 26.58% from the stock’s previous close.
Weibo Corp (NYSE:WB) opened at 19.75 on Monday. Weibo Corp has a 52 week low of $16.26 and a 52 week high of $24.48. The stock has a 50-day moving average of $19.66 and a 200-day moving average of $19.66. The company’s market cap is $4.094 billion.
Weibo Corporation (NYSE:WB) is a social media platform for people to create, distribute and discover Chinese-language content.
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