Weibo Corp Price Target Increased to $26.00 by Analysts at Piper Jaffray (WB)
Equities researchers at Piper Jaffray raised their target price on shares of Weibo Corp (Nasdaq:WB) from $25.00 to $26.00 in a research report issued on Friday. The firm currently has an “overweight” rating on the stock. Piper Jaffray’s price objective points to a potential upside of 21.30% from the company’s current price.
Separately, analysts at Citigroup Inc. initiated coverage on shares of Weibo Corp in a research note on Monday, July 28th. They set a “buy” rating on the stock.
Shares of Weibo Corp (NASDAQ:WB) opened at 21.46 on Friday. 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 $19.80 and a 200-day moving average of $19.56. The company’s market cap is $4.449 billion.
Weibo Corporation (NASDAQ:WB) is a social media platform for people to create, distribute and discover Chinese-language content.
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