B of A Securities Maintains Buy on Weibo, Lowers Price Target to $19.5
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Eddie Leung maintains a Buy rating on Weibo (NASDAQ:WB) but lowers the price target from $24 to $19.5.
August 25, 2023 | 3:29 pm
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Weibo's price target has been lowered from $24 to $19.5 by B of A Securities, though the Buy rating is maintained.
The lowering of the price target by B of A Securities indicates a potential decrease in Weibo's stock value in the short term. However, the maintained Buy rating suggests that the stock is still expected to perform well in the long run.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100