Is Weibo Corporation (WB) the Cheapest Social Media Stock to Invest In?
Weibo Is Maintained at Buy by Citigroup
Weibo Analyst Ratings
US stock anomaly | Weibo rose more than 4.7% before the market, Citigroup opened a 90-day positive catalytic observation on it and raised the target price.
On September 30, Guolonghui | Weibo (WB.US) rose more than 4.7% in pre-market trading, reaching $10.38. In terms of news, Citigroup released a report stating that the target price of Weibo has been raised from $11 to $12, and initiated a 90-day positive catalyst observation, maintaining a "buy" rating in anticipation of a rebound in advertising revenue growth. The bank believes that the monetary and fiscal policy stimulus aimed at resuming economic growth and achieving GDP targets in the mainland last week is expected to translate into higher advertising spending by enterprises and brands to boost sales.
Hong Kong and A-shares are in high spirits! How much room is left in the market under the new round of policies?
Interest rate-sensitive growth stocks, export chains driven by usa real estate demand, Hong Kong stocks local dividends and real estate, all show greater resilience in this round of rise.
Citigroup raises weibo (WB.US) target price to $12, starting a 90-day positive catalytic observation period.
Citi's report suggests that under the monetary and fiscal policy stimulus aimed at restoring economic growth and achieving GDP targets in the mainland last week, it is expected to be transformed into higher advertising spending by enterprises and brands to boost sales. The report points out that although the advertising revenue share of weibo (WB.US) is relatively small compared to other larger platforms, due to its social influence attracting brands and performance-based advertisers, when e-commerce platforms like Alibaba (BABA.US) and major brands strengthen market promotions to enhance their Singles' Day sales, it is believed that weibo's online advertising revenue has potential room for growth. More importantly, the advertising expenditure prospects for 2025 can be