Weibo Corporation – Consensus indicates upside potential of 76.3%
Weibo Company with ticker code (WB) now have 22 analysts covering the stock. Analyst consensus points to a buy rating. The range between the high target price and the low target price is between 56 and 26.8 with an average TP of 38.66. Now, with the previous closing price of 21.93, this indicates that there is 76.3% upside potential. The 50-day moving average now stands at 23.01 and the 200-day moving average is at 35.21. The company has a market capitalization of $5,204 million. More information at: https://weibo.com
The potential market capitalization would be $9,175 million based on market consensus.
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Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute and discover content in the People’s Republic of China. It operates in two segments, Advertising and Marketing Services; and value-added services. The company offers discovery products to help users discover content on its platform; self-expression products that allow its users to express themselves on its platform; and social products to promote social interaction among users on its platform. It also provides advertising and marketing solutions, such as social media ads; and promoting marketing offerings, such as Fans Headline and Weibo Express, as well as promoting trends and search products that appear alongside trend discovery and user search behaviors. In addition, the Company offers products such as trending, research, video/live streaming and editing tools; personalization of content, sharing of content protected by copyright and development of interaction with the user; and search list recommendation, trending list recommendation and Weibo app opening advertisements. Additionally, it provides back-end management, traffic support, and product solutions to MCNs, syndicates, and e-commerce partners; open app platform for other app developers that allows users to log into third-party apps with their Weibo account to share third-party content on its platform; and Weibo Wallet, a product that allows platform partners to conduct interest-generating activities on Weibo, such as distributing red envelopes and coupons. The company was previously known as T.CN Corporation and changed its name to Weibo Corporation in 2012. The company was founded in 2009 and is headquartered in Beijing, China. Weibo Corporation is a subsidiary of Sina Corporation.