Pacific Crest Riases SINA (SINA) to Outperform; Still Undervalued vs. Net Asst Value
Get Alerts SINA Hot Sheet
Price: $43.26 --0%
Rating Summary:
11 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
Rating Summary:
11 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
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Pacific Crest upgrades SINA Corp. (Nasdaq: SINA) from Sector Perform to Outperform with a price target of $88.
Analyst Cheng Cheng likes how SINA looks on a sum-of-the-parts basis and believes the market is undervaluing the company relative to its net asset value. The analyst said,
For an analyst ratings summary and ratings history on SINA Corporation click here. For more ratings news on SINA Corporation click here.
SINA Corporation closed at $58.95 last Friday.
Analyst Cheng Cheng likes how SINA looks on a sum-of-the-parts basis and believes the market is undervaluing the company relative to its net asset value. The analyst said,
with a significant portion of SINA’s value locked in Weibo, we had been hesitant to be more positive on the name.” Pacific Crest said in a note to clients ... Now, with our increased clarity on SINA’s asset composition, increasing asset liquidity, and decreased reliance on Weibo valuation, we see an extremely positive risk/reward profile for SINA.
For an analyst ratings summary and ratings history on SINA Corporation click here. For more ratings news on SINA Corporation click here.
SINA Corporation closed at $58.95 last Friday.
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