Credit Suisse Starts Weibo Corp (WB) at Outperform

February 4, 2019 7:57 AM EST
Get Alerts WB Hot Sheet
Price: $47.03 +0.26%

Rating Summary:
    7 Buy, 10 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 9 | Down: 10 | New: 35
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Credit Suisse analyst Thomas Chong initiates coverage on Weibo Corp (NASDAQ: WB) with a Outperform rating and a price target of $72.00.

Chong calls WB a "a unique social media platform launched in 2009 with a huge user base and one of the few apps in China with more than 100 mn daily active users (DAU)."

They use PEG as their valuation methodology and estimate a three-year earning CAGR of 24%.

For an analyst ratings summary and ratings history on Weibo Corp click here. For more ratings news on Weibo Corp click here.

Shares of Weibo Corp closed at $60.90 yesterday.

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