Nomura Securities Maintains a 'Buy' on SINA Corporation (SINA); Sees Weibo Gaining Traction

Nomura Securities maintains a 'Buy' on SINA Corporation (NASDAQ: SINA), raises PT to $140.

Nomura analyst, Jin Yoon, said, "Reported 1Q results below our ests and street consensus as it increased its investment in Weibo. We still have a positive bias on Sina due to Weibo, although the accelerated spending will likely affect near-term profits. Affirm our Buy and lift our px tgt to $140 from $90 as we believe Weibo will continue to gain traction."

For more ratings news on SINA Corporation click here and for the rating history of SINA Corporation click here.

Shares of SINA Corporation closed at $113.15 yesterday.

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