Nomura analyst Jialong Shi maintained a Hold rating on Weibo (NASDAQ:WB) on Wednesday, setting a price target of $41, which is approximately 14.24% above the present share price of $35.89.
Shi expects Weibo to post earnings per share (EPS) of $0.42 for the second quarter of 2020.
The current consensus among 12 TipRanks analysts is for a Moderate Buy rating of shares in Weibo, with an average price target of $43.04.
The analysts price targets range from a high of $50 to a low of $34.5.
In its latest earnings report, released on 12/31/2019, the company reported a quarterly revenue of $468.15 million and a net profit of $150.74 million. The company's market cap is $7.77 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 19.6% and a 68.48% 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.