Auriga Maintains Bullish Stance On Sina (SINA) Following Q1 Results
SINA Hot Sheet
Rating Summary:14 Buy, 5 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 18 | New: 27
Auriga continues a 'Buy' recommendation and $51.00 price target on Sina Corporation (Nasdaq: SINA), following what they called "strong" Q1 results
SINA is believed to be benefiting from its growth in the advertising business in China including an increase in Internet penetration and a mini-blog which can become a growth driver in the long run. According to Auriga analysts, "Going forward, we believe SINA can continue to enjoy long-term growth driven by a strong economic rebound, new product offerings to further strengthen its brand name and influence, as well as margin improvement."
To see all the upgrades/downgrades on shares of SINA, visit our Analyst Ratings page.
SINA Corporation operates as an online media company and information service provider in the People's Republic of China.
SINA is believed to be benefiting from its growth in the advertising business in China including an increase in Internet penetration and a mini-blog which can become a growth driver in the long run. According to Auriga analysts, "Going forward, we believe SINA can continue to enjoy long-term growth driven by a strong economic rebound, new product offerings to further strengthen its brand name and influence, as well as margin improvement."
To see all the upgrades/downgrades on shares of SINA, visit our Analyst Ratings page.
SINA Corporation operates as an online media company and information service provider in the People's Republic of China.
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