Citigroup Maintains Buy on Weibo, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Alicia Yap has maintained a 'Buy' rating on Weibo (NASDAQ:WB) but lowered the price target from $20 to $18.

August 25, 2023 | 1:16 pm
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Weibo's price target has been lowered from $20 to $18 by Citigroup, though the 'Buy' rating is maintained.
While the 'Buy' rating is maintained, the lowering of the price target by Citigroup could potentially create a negative sentiment among investors, which might affect the stock's price in the short term. However, the maintained 'Buy' rating indicates that the overall outlook for the stock remains positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100