Weibo Corp Now Covered by Analysts at Credit Suisse (WB)
Equities research analysts at Credit Suisse began coverage on shares of Weibo Corp (NYSE:WB) in a research note issued to investors on Tuesday. The firm set an “outperform” rating and a $23.00 price target on the stock. Credit Suisse’s price objective would suggest a potential upside of 23.32% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley initiated coverage on shares of Weibo Corp in a research note on Monday. They set an “equal weight” rating and a $21.40 price target on the stock. Separately, analysts at WallachBeth Capital downgraded shares of Weibo Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, May 13th. They now have a $2.50 price target on the stock, down previously from $4.00. Finally, analysts at Goldman Sachs initiated coverage on shares of Weibo Corp in a research note on Tuesday, May 13th. They set a “buy” rating and a $24.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $19.18.
Shares of Weibo Corp (NYSE:WB) opened at 18.65 on Tuesday. Weibo Corp has a one year low of $16.26 and a one year high of $24.48. The stock’s 50-day moving average is $19.23 and its 200-day moving average is $19.26. The company’s market cap is $3.866 billion.
Weibo Corp (NYSE:WB) last posted its quarterly earnings results on Wednesday, May 21st. The company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $67.50 million for the quarter, compared to the consensus estimate of $25.90 million. Analysts expect that Weibo Corp will post $-0.02 EPS for the current fiscal year.
Weibo Corporation (NYSE:WB) is a social media platform for people to create, distribute and discover Chinese-language content.
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