Whistler Blackcomb Holdings Inc. Announces Record Second Quarter and Year to Date Results

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Piper Jaffray Raises Price Target on Weibo (WB) Following 1Q Beat

May 12, 2016 9:20 AM EDT

Piper Jaffray reiterated an Overweight rating on Weibo Corp (NASDAQ: WB), and raised the price target to $26.00 (from $22.00), following the company's 1Q earnings report. Weibo reported Q1 revenue of $119.3 million, 5% ahead of the Street's $113.9 million. Q1 PF EPS was $0.07 vs the Street's $0.02. Weibo guided... More