There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Weibo (NASDAQ:WB) and Yelp Inc (NYSE:YELP) with bullish sentiments.
Weibo (WB)
In a report released yesterday, Karen Chan from Jefferies reiterated a Buy rating on Weibo, with a price target of $140. The company’s shares closed yesterday at $80.09, close to its 52-week low of $79.02.
According to TipRanks.com, Chan is a 4-star analyst with an average return of 13.6% and a 57.5% success rate. Chan covers the Technology sector, focusing on stocks such as NetEase Inc, Sina Corp, and Momo Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Weibo with a $140 average price target, implying a 74.8% upside from current levels. In a report issued on July 27, Barclays also maintained a Buy rating on the stock with a $130 price target.
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Yelp Inc (YELP)
Jefferies analyst Brent Thill reiterated a Buy rating on Yelp Inc today and set a price target of $55. The company’s shares closed yesterday at $38.16, close to its 52-week low of $36.41.
According to TipRanks.com, Thill is a top 100 analyst with an average return of 18.2% and a 74.4% success rate. Thill covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, Match Group Inc, and Alphabet Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Yelp Inc with a $49.30 average price target, implying a 29.2% upside from current levels. In a report released yesterday, SunTrust Robinson also maintained a Buy rating on the stock with a $50 price target.
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