Weibo upgraded by UBS with a new price target
$WB
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UBS upgraded Weibo from Neutral to Buy and set a new price target of $11.50
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/17/2024 | $11.00 → $10.00 | Equal-Weight → Underweight | Morgan Stanley |
| 3/28/2024 | Buy → Neutral | Goldman | |
| 3/19/2024 | $11.50 | Neutral → Buy | UBS |
| 1/11/2024 | $19.50 → $10.00 | Buy → Underperform | BofA Securities |
| 8/25/2023 | Buy → Hold | The Benchmark Company | |
| 6/13/2023 | $33.00 → $15.50 | Buy → Neutral | UBS |
| 1/30/2023 | Neutral | JP Morgan | |
| 1/9/2023 | $25.00 | Neutral → Buy | Goldman |
SC 13G - WEIBO Corp (0001595761) (Subject)
SC 13G/A - WEIBO Corp (0001595761) (Subject)
SC 13G/A - WEIBO Corp (0001595761) (Subject)
6-K - WEIBO Corp (0001595761) (Filer)
6-K - WEIBO Corp (0001595761) (Filer)
6-K - WEIBO Corp (0001595761) (Filer)
Key Takeaways: Yalla’s revenue continues to grow, as it consolidates its place as a leading Middle Eastern social media and gaming company The company announced its entry to a major British gaming association, as it looks to bring established hardcore games to the Middle East to jumpstart its growth By Doug Young What do you do when you have a well-oiled high-performance car, but have no place to drive it immediately beyond your own backyard? That’s the question facing Yalla Group Ltd. (NYSE:YALA), which has consistently boasted very strong profit growth as it hones its core apps that have made it one of the Middle East and North Africa’s (MENA) top social media and gaming operators.
Weibo Corp (NASDAQ: WB) reported a fiscal first-quarter 2024 revenue decline of 4% year-on-year to $395.5 million, beating the analyst consensus estimate of $392.5 million. Revenue of the Chinese social network company was flat Y/Y on a CC basis. Adjusted EPS of $0.41 beat the analyst consensus estimate of $0.36. The stock price gained after the results. Weibo’s advertising and marketing revenues declined by 5% Y/Y at $339.0 million. Value-added service (VAS) revenues decreased 3% Y/Y to $56.5 million. Monthly active users (MAUs) were 588 million in March 2024 (vs 593 million Y/Y), while Average daily active users (DAUs) rose by 5 million Y/Y to 255 million (vs 255 million Y/Y).
Major U.S. index futures jumped early Thursday as Nvidia Corp.’s (NASDAQ:NVDA) earnings provided a shot in the arm for the market. A couple of market-moving economic data on the job market and the manufacturing sector and a Federal Reserve official’s speech could also affect the day’s trading. Given the confounding rate outlook, the focus is likely to be squarely on these numbers to understand their implications for the Fed funds rate. A market strategist pointed to historical seasonal strength around May-end through early July. FuturesPerformance (+/-)Nasdaq 100+0.95%S&P 500+0.59%Dow+0.14%R2K+0.18%In premarket trading on Thursday, the SPDR S&P 500 ETF Trust (NYSE:SPY) climbed 0.56% to $5
BEIJING, May 10, 2021 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ:WB), a leading social media in China, today announced its unaudited financial results for first quarter ended March 31, 2021. "We started the year of 2021 with a strong quarter," said Gaofei Wang, CEO of Weibo. "Weibo's user base and engagement continued to grow from prior quarter, leveraging our effective channel investments, enriched video offerings and our strength in social distribution and hot trends. On the monetization front, we are glad to see broad-based year-over-year growth across industries and robust momentum with certain differentiated ad products, demonstrating our competitiveness in
BEIJING, March 18, 2021 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ: WB), a leading social media in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2020. "We ended the year of 2020 on a solid note," said Gaofei Wang, CEO of Weibo. "During the unprecedented times in 2020, Weibo has demonstrated its indispensable value as China's leading social media platform to serve public conversations, and further enriched our video and community product offerings. On monetization, we are pleased to see our revenue and profit return to a solid growth trajectory in the fourth quarter. Entering into 2021, Weibo is well
BEIJING, Nov. 19, 2024 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ:WB), a leading social media in China, today announced its unaudited financial results for the third quarter ended September 30, 2024. "We had a solid quarter," said Gaofei Wang, CEO of Weibo. "On the user front, we continued to focus on the acquisition and engagement of high quality users. On the monetization front, our advertising business has exhibited a stabilized trend this quarter. We are pleased to see robust growth of ad revenues from certain key sectors, mainly driven by ad demand during the Summer Olympics. Our value-added services business also delivered strong momentum this quarter, benefi
BEIJING, Oct. 29, 2024 /PRNewswire/ -- Weibo Corporation (NASDAQ:WB), a leading social media for people to create, share and discover content, will announce its unaudited financial results for the third quarter 2024 before the U.S. market opens on Tuesday, November 19, 2024. Following the announcement, Weibo's management team will host a conference call from 6 AM – 7 AM Eastern Time on November 19, 2024 (or 7 PM – 8 PM Beijing Time on November 19, 2024) to present an overview of the Company's financial performance and business operations. Participants who wish to dial in to the teleconference must register through the below public participant link. Dial in and instruction will be in the con
BEIJING, Aug. 22, 2024 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ:WB), a leading social media in China, today announced its unaudited financial results for the second quarter ended June 30, 2024. "Our user engagement and operating efficiency have further improved this quarter," said Gaofei Wang, CEO of Weibo. "On the user front, we emphasized on the acquisition and engagement of high quality users and saw improved user engagement this quarter. On the content front, we further optimized our content ecosystem through reinforcement of our core strength and solid execution of our vertical content strategy. On the monetization front, we are encouraged to see Weibo's str
BEIJING, Nov. 19, 2024 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ:WB), a leading social media in China, today announced its unaudited financial results for the third quarter ended September 30, 2024. "We had a solid quarter," said Gaofei Wang, CEO of Weibo. "On the user front, we continued to focus on the acquisition and engagement of high quality users. On the monetization front, our advertising business has exhibited a stabilized trend this quarter. We are pleased to see robust growth of ad revenues from certain key sectors, mainly driven by ad demand during the Summer Olympics. Our value-added services business also delivered strong momentum this quarter, benefi
BEIJING, Oct. 29, 2024 /PRNewswire/ -- Weibo Corporation (NASDAQ:WB), a leading social media for people to create, share and discover content, will announce its unaudited financial results for the third quarter 2024 before the U.S. market opens on Tuesday, November 19, 2024. Following the announcement, Weibo's management team will host a conference call from 6 AM – 7 AM Eastern Time on November 19, 2024 (or 7 PM – 8 PM Beijing Time on November 19, 2024) to present an overview of the Company's financial performance and business operations. Participants who wish to dial in to the teleconference must register through the below public participant link. Dial in and instruction will be in the con
BEIJING, Aug. 22, 2024 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ:WB), a leading social media in China, today announced its unaudited financial results for the second quarter ended June 30, 2024. "Our user engagement and operating efficiency have further improved this quarter," said Gaofei Wang, CEO of Weibo. "On the user front, we emphasized on the acquisition and engagement of high quality users and saw improved user engagement this quarter. On the content front, we further optimized our content ecosystem through reinforcement of our core strength and solid execution of our vertical content strategy. On the monetization front, we are encouraged to see Weibo's str
Morgan Stanley downgraded Weibo from Equal-Weight to Underweight and set a new price target of $10.00 from $11.00 previously
Goldman downgraded Weibo from Buy to Neutral
UBS upgraded Weibo from Neutral to Buy and set a new price target of $11.50