Barclays Upgrades SINA (SINA) to Overweight, Raises Target to $72

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Barclays' Alicia Yap upgraded shares of SINA Corporation (NASDAQ: SINA) from Equalweight to Overweight Wednesday morning following the company's Q1 results and news Weibo's user base surpassed the 300 million level. Yap's price target was lifted from $66 to $72.

With SINA shares up about 12 percent to $57.90 this morning, the Barclays analyst's price target implies potential upside of about 24 percent.

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

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