Nomura analyst Jialong Shi maintained a Buy rating on Weibo (NASDAQ:WB) on Monday, setting a price target of $70, which is approximately 43.83% above the present share price of $48.67.
Shi expects Weibo to post earnings per share (EPS) of $0.13 for the second quarter of 2021.
The current consensus among 9 TipRanks analysts is for a Moderate Buy rating of shares in Weibo, with an average price target of $55.53.
The analysts price targets range from a high of $70 to a low of $40.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $513.41 million and a net profit of $181.64 million. The company's market cap is $11.09 billion.
According to TipRanks.com, Nomura analyst Jialong Shi is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 22.5% and a 62.22% success rate.
Weibo Corp . engages in the creation, distribution, and discovery of Chinese-language content. It operates through the Advertising and Marketing Services, and Other Services segments. Its products and services include Self-Expression, such as Feed, Individual page, and Enterprise page; Social Products, such as Follow, Repost, Comment, Favorite, like, Mention, Messenger, and Group Chat; Discovery (NASDAQ:DISCA) Products, such as Information Feed, Search, Object Page, Trends, and Discovery Channel; Notifications; Weibo Games; VIP Membership; and Weibo Apps. The company was founded in August 2009 and is headquartered in Beijing, China.