Weibo Corp Class A (9898) Gets a Hold from Nomura

Nomura analyst maintained a Hold rating on Weibo Corp Class A on November 19 and set a price target of HK$85.80. 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, a 21.86% upside from current levels. In a report released on November 19, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a HK$84.00 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