A statement released earlier today by T.H. Capital about Weibo (NASDAQ:WB) raises the target price to $60.00
- Updated: October 7, 2016
Showing a price of $52.63, Weibo (NASDAQ:WB) traded -0.57% lower on the day. With the last stock price close up 60.61% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. The company has recorded a 50-day moving average of $48.88 and a two hundred day average of $32.58. Volume of trade was down over the average, with 260,226 shares of WB changing hands under the typical 1,508,050
In a report announced on Friday October 07, 2016 T.H. Capital raised the target of Weibo (NASDAQ:WB) from $38.00 to $60.00 reporting a potential upside of 0.14%.
With a market capitalization of $0, Weibo has price-earnings ratio of 174.43 with a 52 week low of $12.09 and a 52 week high of $55.59 .
A total of 12 brokerages have issued a ratings update on Weibo. zero brokerages rating the company a strong buy, zero brokerages rating the company a buy, zero brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $23.34.
General Company Details For Weibo (NASDAQ:WB)
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).
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