In a report released today, Karen Chan from Jefferies reiterated a Buy rating on Weibo (WB), with a price target of $90. The company’s shares opened today at $64.16, close to its 52-week low of $53.11.
Chan has an average return of 28.1% when recommending Weibo.
According to TipRanks.com, Chan is ranked #1402 out of 4900 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Weibo with a $99.33 average price target.
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Weibo’s market cap is currently $7.86B and has a P/E ratio of 30.54. The company has a Price to Book ratio of 10.08.
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Weibo Corp. engages in the creation, distribution, and discovery of Chinese-language content. It operates through the Advertising and Marketing Services, and Other Services segments.
