Weibo Corp (WB) PT Raised to $154 at Nomura; Momentum Remains Strong

February 13, 2018 1:39 PM EST
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Price: $17.45 --0%

Rating Summary:
    7 Buy, 11 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 6 | Down: 7 | New: 15
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Nomura raised its price target on Weibo Corp (NASDAQ: WB) to $154.00 (from $116.00) while maintaining a Buy rating.

Analyst Jialong Shi said the momentum of the ad business remains strong after posting a 77% year-over-year surge in Q4, driven by 106% surge in Key Account ad revenue.

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