Share on StockTwits

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.