Brean Murray Carret & Co. Assumes Coverage on SINA Corporation (SINA) at Buy; Weibo Offers Ample Runway for Growth
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Price: $56.89 -3.38%
Rating Summary:
19 Buy, 3 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
19 Buy, 3 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade SINA Now!
Brean Murray Carret & Co. assumes coverage on SINA Corporation (NASDAQ: SINA) with a Buy. PT $128.00.
Brean analyst says, "We assume coverage of SINA with a Buy rating. We view SINA a compelling investment opportunity as we believe SINA Weibo, while at early stage of development, will be a transformable product for SINA and offers ample runway for growth. With 200+ million users under its belt, we see strong growth momentum and improving monetization visibility. SINA’s recent product rollouts as well as its pipeline suggests a clear path of moving towards a full-blown SNS platform."
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 $96.20 yesterday, with a 52 week range of $40.50-$147.12.
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Brean analyst says, "We assume coverage of SINA with a Buy rating. We view SINA a compelling investment opportunity as we believe SINA Weibo, while at early stage of development, will be a transformable product for SINA and offers ample runway for growth. With 200+ million users under its belt, we see strong growth momentum and improving monetization visibility. SINA’s recent product rollouts as well as its pipeline suggests a clear path of moving towards a full-blown SNS platform."
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 $96.20 yesterday, with a 52 week range of $40.50-$147.12.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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