Citigroup Maintains Buy on Weibo, Raises Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Alicia Yap maintains a Buy rating on Weibo and raises the price target from $11 to $12.
September 30, 2024 | 5:44 pm
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Citigroup analyst Alicia Yap has reaffirmed a Buy rating on Weibo, increasing the price target from $11 to $12, indicating a positive outlook.
The reaffirmation of a Buy rating and an increase in the price target from a major financial institution like Citigroup suggests confidence in Weibo's future performance, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100