Deutsche Bank Starts Inc (WUBA) at Buy

October 5, 2016 6:57 AM EDT
Get Alerts WUBA Hot Sheet
Price: $44.56 -0.71%

Rating Summary:
    9 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 14 | Down: 19 | New: 11
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Deutsche Bank initiated coverage on Inc (NYSE: WUBA) with a Buy rating and a price target of $65. Analyst Alvin Jiang highlighted its superior growth rate and market leadership.

" is the fastest growing company in the online advertising market in China, with revenue expanding five-fold in the next five years. Having merged with Ganji, it dominates the classified service market with an 80% market share and has 10m SME users compared to Baidu’s reach of 0.6m. Its coverage of over 200 cities, promoted by a workforce of 16,000 off-line sales staff has created a significant barrier to entry, while the co-operation with 23% owner Tencent is increasing its long term monetization potential. We forecast a strong shift in profitability to a 17% margin by 2018 and initiate with a BUY rating," said Jiang.

For an analyst ratings summary and ratings history on Inc click here. For more ratings news on Inc click here.

Shares of Inc closed at $47.52 yesterday.

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