Citi Keeps Their Buy Rating on Weibo Corp Class A (9898)
Citi analyst maintained a Buy rating on Weibo Corp Class A on November 19 and set a price target of HK$93.60. The company’s shares closed yesterday at HK$78.05.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Weibo Corp Class A with a HK$95.11 average price target.
Based on Weibo Corp Class A’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of HK$444.8 million and a net profit of HK$125.69 million. In comparison, last year the company earned a revenue of HK$437.87 million and had a net profit of HK$111.93 million
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