Nomura Securities Maintains a 'Buy' on SINA Corporation (SINA); Encouraged After Meeting With Management
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Price: $58.04 +1.27%
Rating Summary:
19 Buy, 3 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
19 Buy, 3 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade SINA Now!
Nomura Securities maintains a 'Buy' on SINA Corporation (NASDAQ: SINA) price target of $90.00.
Analyst, Jin Yoon, said, "As part of our summer China/Korea Internet and Media tour, we met with Sina management to discuss recent company developments. Key highlights include: the development of enterprise accounts is the centerpiece for this year; Management believes that Weibo is offering a more efficient advertising model; Management noted that Weibo is not likely to adopt a product model where it charges enterprise accounts by the number of product listings; Beta version for SME enterprise accounts is targeted to be rolled out by the end of this year. For 2Q12F, we maintain our non-GAAP total revenue estimates of $129.0mn (+27.0% q-q; +12.9% y-y), at the high-end of company guidance of $126-129mn."
For an analyst ratings summary and ratings history on SINA Corporation click here. For more ratings news on SINA Corporation click here.
Shares of SINA Corporation closed at $52.89 yesterday, with a 52 week range of $46.86-$125.37.
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Analyst, Jin Yoon, said, "As part of our summer China/Korea Internet and Media tour, we met with Sina management to discuss recent company developments. Key highlights include: the development of enterprise accounts is the centerpiece for this year; Management believes that Weibo is offering a more efficient advertising model; Management noted that Weibo is not likely to adopt a product model where it charges enterprise accounts by the number of product listings; Beta version for SME enterprise accounts is targeted to be rolled out by the end of this year. For 2Q12F, we maintain our non-GAAP total revenue estimates of $129.0mn (+27.0% q-q; +12.9% y-y), at the high-end of company guidance of $126-129mn."
For an analyst ratings summary and ratings history on SINA Corporation click here. For more ratings news on SINA Corporation click here.
Shares of SINA Corporation closed at $52.89 yesterday, with a 52 week range of $46.86-$125.37.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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