Weibo (WB) Tops Q3 EPS by 5c, Revenues Beat; Offers Q4 Revenue Guidance Below Consensus

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Go back to Weibo (WB) Tops Q3 EPS by 5c, Revenues Beat; Offers Q4 Revenue Guidance Below Consensus

Weibo Corp (WB) PT Lowered to $72 at Morgan Stanley; Reiterates Overweight

November 27, 2018 7:43 AM EST

Morgan Stanley analyst Grace Chen lowered the price target on Weibo Corp (NASDAQ: WB) to $72.00 (from $130.00) while maintaining a Overweight rating. Chen cut the price target to factor in the lackluster macro climate and competition. Chen believes Weibo remains one of the most... More