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Weibo Corp WB (NYSE:WB) stock price target increased to $100.00, issued a research note today by Barclays Capital

Yesterday Weibo Corp WB (NYSE:WB) traded 0.63% higher at $82.72. The company’s 50-day moving average is $74.24 and its 200-day moving average is $62.08. The last closing price is up 33.25% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time period. 4,274,257 shares of the stock traded hands, up from an average trading volume of 2,782,840

In a report released on Friday August 11, 2017 Barclays Capital increased the stock price target of Weibo Corp WB (NYSE:WB) from $85.00 to $100.00 indicating a possible upside of 0.21%.

Previously on 08/10/2017, Jefferies & Co reported on Weibo Corp WB (NYSE:WB) increased the target price from $82.00 to $105.00. At the time, this indicated a possible upside of 0.26%.

See Chart Below

Weibo Corp WB (NYSE:WB)

Weibo Corp WB has a 52 week low of $40.12 and a 52 week high of $88.88 with a P/E ratio of 95.30 The company’s market cap is currently $0.

In addition to Barclays Capital reporting its stock price target, a total of 12 brokerages have issued a ratings update on the company. The average stock price target is $23.34 with 0 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Weibo Corp WB (NYSE: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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