Weibo Corporation (WB) Reports Q1 Loss of $0.03

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Goldman Sachs Comments on Weibo Corp's (WB) Q1

May 22, 2014 8:25 AM EDT

Goldman Sachs maintained a Buy rating on Weibo Corp (NASDAQ: WB) with a price target of $24. Comments follow Q1 results. Analyst Piyush Mubayi noted impressive traffic.

"Weibo delivered impressive improvement of user engagement in the eventful 1Q. Monthly active users (MAU) grew 34% yoy to 143.8mn, with 70% on mobile. Daily active users (DAU) grew 37% to 66.6mn. Total... More