Impact of Brokerage Rating on Weibo Corporation(WB)

Many Weibo Corporation(WB) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Weibo Corp (ADR) was Initiated by Instinet on Feb 13, 2017 to Buy, Price Target of the shares are set at $63.Weibo Corp (ADR) was Initiated by CLSA on Dec 12, 2016 to Buy, Price Target of the shares are set at $62.

Weibo Corp (ADR) Last issued its quarterly earnings results on Nov 21, 2016. The company reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.04. Analyst had a consensus of $0.20. The company had revenue of $176.90 million for the quarter, compared to analysts expectations of $173.42 million. The companys revenue was up 41.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

Weibo Corporation (NASDAQ:WB) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1 by 2 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys.

Weibo Corporation (NASDAQ:WB) should head towards $52.67 per share according to 3 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $24 per share. The higher price estimate target is at $74 according to the Analysts.

Weibo Corporation (NASDAQ:WB) rose 0.88% or 0.48 points on Tuesday and made its way into the gainers of the day. After trading began at $54.21 the stock was seen hitting $55.26 as a peak level and $53.8062 as the lowest level. The stock ended up at $54.87. The daily volume was measured at 1,170,287 shares. The 52-week high of the share price is $55.93 and the 52-week low is $12.09. The company has a market cap of $11,642 million.

Weibo Corporation operates as a social media platform for people to create, distribute and discover Chinese-language content. The Company operates in two segments: Advertising and Marketing Services, and Other Services. The company offers self-expression products; social products; discovery products; notifications; third-party online games. Weibo also develops mobile apps, such as Weibo Headlines; Weibo Weather and WeiDisk. It also provides advertising and marketing solutions, including social display ads and promoted marketing products. Weibo Corporation is headquartered in Beijing, China.

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