Weibo Corporation Receives Consensus Rating of “Buy” from Brokerages (NYSE:WB)
Shares of Weibo Corporation (NYSE:WB) have earned a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the stock, AnalystRatingsNetwork reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $19.75.
Weibo Corporation (NYSE:WB) traded down 6.67% during mid-day trading on Friday, hitting $20.0295. 1,303,511 shares of the company’s stock traded hands. Weibo Corporation has a 52-week low of $16.26 and a 52-week high of $24.48. The stock’s 50-day moving average is $19.80 and its 200-day moving average is $19.56. The company’s market cap is $4.152 billion.
Weibo Corporation (NYSE:WB) last released its earnings data on Thursday, August 14th. The company reported ($0.03) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.03). The company had revenue of $77.30 million for the quarter, compared to the consensus estimate of $75.87 million. On average, analysts predict that Weibo Corporation will post $-0.01 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. initiated coverage on shares of Weibo Corporation in a research note on Thursday, July 24th. They set a “buy” rating and a $22.60 price target on the stock. Separately, analysts at ISI Group initiated coverage on shares of Weibo Corporation in a research note on Tuesday, July 22nd. They set a “buy” rating on the stock. Finally, analysts at Tigress Financial initiated coverage on shares of Weibo Corporation in a research note on Tuesday, July 22nd. They set a “buy” rating on the stock.
Weibo Corporation (NYSE:WB) is a social media platform for people to create, distribute and discover Chinese-language content.
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