Barclays analyst Gregory Zhao maintained a Buy rating on Weibo (WB) today and set a price target of $48.00. The company’s shares closed last Monday at $42.76.
According to TipRanks.com, Zhao is a 4-star analyst with an average return of 16.0% and a 58.9% success rate. Zhao covers the Technology sector, focusing on stocks such as GSX Techedu, NetEase, and Baidu.
The word on The Street in general, suggests a Hold analyst consensus rating for Weibo with a $45.70 average 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 $145 million. In comparison, last year the company had a net profit of $166 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.
