BofA/Merrill Lynch analyst Miranda Zhuang raised her price target on 58. com Inc (NYSE: WUBA) to $94.00 (from $89.00) while maintaining a Buy rating.

Zhuang said the company's job segment is capable of growing 40-50% YoY, driven by ~10% price hike and expansion of paying accounts as competition is insignificant. Meanwhile, its real estate clients are under policy pressure and the company has no plans for price hikes in FY18.