Somewhat Positive News Coverage Somewhat Unlikely to Affect Weibo (NASDAQ:WB) Share Price
News coverage about Weibo (NASDAQ:WB) has been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Weibo earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news articles about the information services provider an impact score of 46.0641482268259 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern’s scoring:
- Important Factors to Analyse A Good Investment – Weibo Corporation (NASDAQ: WB) – Alpha Beta Stock (alphabetastock.com)
- Do What Institutional Investors Does: Weibo Corporation (WB), Prospect Capital Corporation (PSEC) – Market Movers (financialqz.com)
- Weibo Corp (WB) Given Average Rating of “Buy” by Brokerages (americanbankingnews.com)
- Stock to Watch – Weibo Corporation (WB) – usstockjournal (usstockjournal.com)
- Weibo (WB) Lifted to “Hold” at Zacks Investment Research (americanbankingnews.com)
Shares of Weibo (WB) opened at $131.86 on Monday. Weibo has a 12-month low of $46.05 and a 12-month high of $136.19. The firm has a market cap of $30,107.63, a price-to-earnings ratio of 115.34 and a beta of 2.54.
A number of brokerages recently commented on WB. BidaskClub upgraded shares of Weibo from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Benchmark decreased their target price on shares of Weibo from $110.00 to $95.00 and set a “buy” rating on the stock in a research report on Wednesday, November 8th. Barclays increased their target price on shares of Weibo from $100.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 14th. Zacks Investment Research lowered shares of Weibo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 12th. Finally, Morgan Stanley assumed coverage on shares of Weibo in a research report on Friday, January 5th. They set an “overweight” rating and a $130.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $104.85.
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Weibo Company Profile
Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content. The Company provides ways for people and organizations to publicly express themselves in real time, interact with others on a global platform and stay connected with the world. It operates in two segments: advertising and marketing services and other services.
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