Weibo Corporation Receives Consensus Rating of “Buy” from Brokerages (NYSE:WB)
Shares of Weibo Corporation (NYSE:WB) have been given an average rating of “Buy” by the eight analysts that are covering the company, AnalystRatingsNetwork reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $19.75.
A number of analysts have recently weighed in on WB shares. 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.
Shares of Weibo Corporation (NYSE:WB) opened at 20.00 on Friday. Weibo Corporation has a 1-year low of $16.26 and a 1-year high of $24.48. The stock has a 50-day moving average of $19.77 and a 200-day moving average of $19.57. The company’s market cap is $4.146 billion.
Weibo Corporation (NYSE:WB) last released its earnings data on Thursday, August 14th. The company reported ($0.03) EPS for the quarter, meeting the Thomson Reuters 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. Analysts expect that Weibo Corporation will post $-0.01 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.
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.