Tigress Financial Initiates Coverage on Weibo Corporation

Earlier today Tigress Financial analyst, Philip Van Deusen initiated coverage on Weibo Corp. (NASDAQ: WB) with a Buy rating based on the notion that the platform has the "greatest potential to generate advertising revenue in the Chinese social media industry."Over the next twelve months, Deusen forecasts 78 percent sales growth from $198.6 milion to $353.4 million and NOPAT to in from -$67.8 million to $195.1 million. As a "strong" driver of growth, Deusen pointed to Alibaba's $585.8 million investment in the company.He noted Weibo's management has called the partnership with Alibaba a "difference-maker" for their advertising and marketing revenues.Despite having a high valuation, Deusen believes Weibo is more attractively valued than its peers based on a P/S multiple for the next twelve months. He further says the price is justified by the company's growth profile and exposure to the Chinese consumer.