Weibo Receives a Buy from Barclays

By Jason Carr

In a report issued on May 16, Gregory Zhao from Barclays maintained a Buy rating on Weibo (NASDAQ: WB), with a price target of $85. The company’s shares closed yesterday at $74.80, close to its 52-week high of $79.70.

According to TipRanks.com, Zhao is a 2-star analyst with an average return of 1.4% and a 66.7% success rate. Zhao covers the Technology sector, focusing on stocks such as Alibaba Group, Changyoucom, and NetEase Inc.

Currently, the analyst consensus on Weibo is Strong Buy and the average price target is $86, representing a 15.0% upside.

In a report issued on May 11, Jefferies also reiterated a Buy rating on the stock with a $67 price target.

Weibo’s market cap is currently $8.58B and has a P/E ratio of 153.56. The company has a book value ratio of 21.6399.

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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.