Weibo Announces Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results and Dividend

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Weibo Corp (WB) PT Lowered to $10.80 at Jefferies

March 14, 2024 1:13 PM EDT

Jefferies analyst Thomas Chong lowered the price target on Weibo Corp (NASDAQ: WB) to $10.80 (from $13.50) while maintaining a Buy rating.

The analyst comments "Weibo reported 4Q results. Management highlights recovery trend in 1Q while more visibility is needed on full year ad outlook amid... More