Weibo (WB) Receives a Buy from Credit Suisse


In a report released yesterday, Thomas Chong from Credit Suisse maintained a Buy rating on Weibo (WB), with a price target of $72. The company’s shares closed yesterday at $65.53, close to its 52-week low of $51.15.

Chong has an average return of 7.1% when recommending Weibo.

According to TipRanks.com, Chong is ranked #4068 out of 5163 analysts.

Currently, the analyst consensus on Weibo is a Moderate Buy with an average price target of $69.75, representing a 6.4% upside. In a report issued on February 4, Barclays also maintained a Buy rating on the stock with a $75 price target.

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Based on Weibo’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $164 million. In comparison, last year the company had a net profit of $132 million.

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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.

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