HSBC Maintains Hold on Weibo, Lowers Price Target to $9.8
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Charlene Liu maintains a Hold rating on Weibo (NASDAQ:WB) and lowers the price target from $13.6 to $9.8.
March 15, 2024 | 4:38 pm
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HSBC analyst Charlene Liu maintains a Hold rating on Weibo and lowers the price target from $13.6 to $9.8.
The reduction in Weibo's price target by HSBC reflects a negative outlook on the stock's short-term price potential. A lower price target often leads to a decrease in investor confidence and can result in a downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100