Weibo (WB) Getting Somewhat Positive Press Coverage, Analysis Finds
News articles about Weibo (NASDAQ:WB) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Weibo earned a news impact score of 0.18 on Accern’s scale. Accern also assigned news articles about the information services provider an impact score of 45.9673534809494 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- Weibo Corporation (WB) Given Consensus Rating of “Buy” by Analysts (americanbankingnews.com)
- WebMD Health (WBMD) and Weibo (WB) Head-To-Head Survey (americanbankingnews.com)
- Opinion: These 5 companies could disappear in 2018’s wave of M&A (marketwatch.com)
- Flickering Stocks – Weibo Corporation, (NASDAQ: WB), The Boeing Company, (NYSE: BA) – Stocks In The News (press release) (tradingnewsnow.com)
- Weibo Corporation (NASDAQ: WB) – Hot Stock to Track – Alpha Beta Stock (alphabetastock.com)
Weibo (NASDAQ WB) traded down $0.47 during mid-day trading on Friday, reaching $100.24. The company’s stock had a trading volume of 2,731,165 shares, compared to its average volume of 1,954,473. Weibo has a twelve month low of $40.12 and a twelve month high of $123.00. The stock has a market capitalization of $22,278.76, a price-to-earnings ratio of 85.35 and a beta of 2.54.
WB has been the subject of a number of analyst reports. Benchmark lowered their price target on Weibo from $110.00 to $95.00 and set a “buy” rating for the company in a research report on Wednesday, November 8th. Zacks Investment Research upgraded Weibo from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a research note on Tuesday, November 14th. BidaskClub lowered Weibo from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Barclays increased their target price on Weibo from $100.00 to $120.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 14th. Finally, Citigroup reiterated a “buy” rating and issued a $126.00 target price (up previously from $102.00) on shares of Weibo in a research note on Thursday, September 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. Weibo has a consensus rating of “Buy” and an average target price of $93.39.
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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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