Weibo Corporation

When Weibo Corp (NASDAQ: WB) reported mixed fourth-quarter results, the recovery in its advertising revenues was softer than anticipated in 2023. The company now seems headed for incremental sales and margin pressure this year, according to Goldman Sachs. The Weibo Analyst: Timothy Zhao downgraded the rating for Weibo from Buy to Neutral, while reducing the price target from HK$133 (US$17.10) to HK$83 (US$10.60). The Weibo Thesis: The company’s revenue recovery was impacted by weaker household consumption and stiff content competition, ...Full story available on Benzinga.com

Related tickers: WB.

In the preceding three months, 4 analysts have released ratings for Weibo (NASDAQ:WB), presenting a wide array of perspectives from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 2 1 0 Last 30D 0 0 1 0 0 1M Ago 1 0 1 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 1 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $10.47, a high estimate of $11.50, and a low estimate of $9.80. This current average represents a 20.98% decrease from the previous average price target of $13.25. Breaking Down Analyst Ratings: A Detailed Examination The perception of Weibo by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Timothy Zhao Goldman Sachs Announces Neutral $10.60 - Zhijing Liu UBS Lowers Buy $11.50 $12.90 Charlene Liu HSBC Lowers Hold $9.80 $13.60 Miranda Zhuang B of A Securities Announces Underperform $10.00 - Key Insights: Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent ...Full story available on Benzinga.com

Related tickers: WB, WB.