Jefferies Thinks Sina Corp’s Stock is Going to Recover


Jefferies analyst Karen Chan reiterated a Buy rating on Sina Corp (SINA) yesterday and set a price target of $89. The company’s shares opened today at $59.94, close to its 52-week low of $56.67.

According to TipRanks.com, Chan is a 4-star analyst with an average return of 4.9% and a 50.0% success rate. Chan covers the Technology sector, focusing on stocks such as NetEase Inc, YY Inc, and Baidu.

Sina Corp has an analyst consensus of Moderate Buy, with a price target consensus of $144.

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Sina Corp’s market cap is currently $4.35B and has a P/E ratio of 27.53. The company has a Price to Book ratio of 1.59.

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SINA Corp. engages in the provision of online and mobile media services. It operates through the following segments: SINA Portal, Weibo, and Others. The SINA Portal segment offers automobile, fast-moving consumer goods, Internet, financial, information technology, and telecommunication services.

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