Weibo Corp (ADR) (WB) was Reiterated by T.H. Capital to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 60 from a previous price target of $38 . T.H. Capital advised their investors in a research report released on Oct 7, 2016.
Many Wall Street Analysts have commented on Weibo Corp (ADR). Weibo Corp (ADR) was Resumed by JP Morgan to “Overweight” on Aug 31, 2016. Weibo Corp (ADR) was Initiated by Citigroup to “Buy” on Aug 5, 2016.
On the company’s financial health, Weibo Corp (ADR) reported $0.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.11. The company had revenue of $146.90 million for the quarter, compared to analysts expectations of $142.30 million. The company’s revenue was up 36.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.
Weibo Corp (ADR) closed down -0.73 points or -1.39% at $51.9 with 11,18,655 shares getting traded on Friday. Post opening the session at $52.72, the shares hit an intraday low of $51 and an intraday high of $53.17 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Weibo Corporation is a social media platform for people to create distribute and discover Chinese-language content. The Company provides ways for people and organizations to publicly express themselves in real time interact with others on a global platform and stay connected with the world. It operates in two segments: advertising and marketing services and other services. It offers self-expression products that enable its users to express themselves on its platform; social products to promote social interaction between users on its platform; discovery products to help users discover content on its platform and notifications to notify users on Weibo account activities through short message service (SMS) or push notification on their device. It offers advertising and marketing solutions to enable its customers to promote their brands and conduct marketing activities. It offers its platform partners with tools and application programming interfaces (APIs).