Market Overview

UPDATE: Morgan Stanley Initiates Coverage On Weibo Awaiting Margin Visibility

Share:
Related
Technical Alert: Weibo Bolts To New All-Time-High After Q2 Beat And Raised Guidance
Booming Internet Celebrity Biz In China Gets Citi Bullish On SINA And Weibo
3 Top China Stocks Handily Beating The Market (Investor's Business Daily)

In a report published Monday, Morgan Stanley analyst Philip Wan initiated coverage on Weibo (NASDAQ: WB) with an Equal-Weight rating and $21.40 price target.

In the report, Morgan Stanley noted, “We like Weibo's leadership in online social media and its multiple monetization opportunities. We would turn more positive on faster-than-expected monetization from its new services (i.e. promoted feeds and social e-commerce) and improved margin visibility.”

Weibo closed on Friday at $18.54.

Latest Ratings for WB

DateFirmActionFromTo
Aug 2016Goldman SachsMaintainsNeutral
Aug 2016CitigroupInitiates Coverage onBuy
May 2016Goldman SachsDowngradesBuyNeutral

View More Analyst Ratings for WB
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Philip WanAnalyst Color Initiation Analyst Ratings

 

Related Articles (WB)

View Comments and Join the Discussion!