Forecasting The Future: 4 Analyst Projections For Weibo
Portfolio Pulse from Benzinga Insights
Analysts have mixed ratings for Weibo (NASDAQ:WB) over the past three months, with a recent average price target of $10.47, down 16.24% from the previous $12.50. Key analysts from Morgan Stanley, Goldman Sachs, UBS, and HSBC have adjusted their ratings and price targets, reflecting varied sentiments about Weibo's market performance.
May 17, 2024 | 6:01 pm
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NEGATIVE IMPACT
Weibo (NASDAQ:WB) has received mixed ratings from analysts over the past three months, with a recent average price target of $10.47, down 16.24% from the previous $12.50. Analysts from Morgan Stanley, Goldman Sachs, UBS, and HSBC have adjusted their ratings and price targets, reflecting varied sentiments about Weibo's market performance.
The mixed ratings and lowered price targets from key analysts indicate a bearish sentiment towards Weibo's stock in the short term. The decrease in the average price target by 16.24% suggests that analysts have lowered their expectations for the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100