Jefferies Believes Weibo (NASDAQ: WB) Won’t Stop Here

By Jason Carr

In a report released today, Karen Chan from Jefferies reiterated a Buy rating on Weibo (NASDAQ: WB), with a price target of $82. The company’s shares opened today at $70.20, close to its 52-week high of $78.84.

According to TipRanks.com, Chan is a 5-star analyst with an average return of 15.8% and a 93.2% success rate. Chan covers the Technology sector, focusing on stocks such as Alibaba Group, Facebook Inc, and Alphabet Inc.

Weibo has an analyst consensus of Moderate Buy, with a price target consensus of $82.

Weibo’s market cap is currently $6.87B and has a P/E ratio of 129.13. The company has a book value ratio of 18.1972.

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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. Its products and services include Self-Expression, such as Feed, Individual page, and Enterprise page; Social Products, such as Follow, Repost, Comment, Favorite, like, Mention, Messenger, and Group Chat; Discovery Products, such as Information Feed, Search, Object Page, Trends, and Discovery Channel; Notifications; Weibo Games; VIP Membership; and Weibo Apps. The company was founded in August 2009 and is headquartered in Beijing, China.