Citigroup Downgrades Weibo to Neutral, Lowers Price Target to $7.8
Citigroup analyst Alicia Yap downgrades Weibo (NASDAQ:WB) from Buy to Neutral and lowers the price target from $9.3 to $7.8.
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Weibo Q2 Adj. EPS $0.38 Beats $0.36 Estimate, Sales $453.826M Beat $442.746M Estimate
Weibo (NASDAQ:WB) reported quarterly earnings of $0.38 per share which beat the analyst consensus estimate of $0.36 by 5.56 percent. This is a 29.63 percent decrease over earnings of $0.54 per share from the same period
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Read original at benzingaShares of U.S.-listed Chinese companies are trading higher after China's central bank maintained its one-year and five-year loan prime rates. Also, strength may be related to Alibaba gains after its preview of the Qwen3.8 AI model.
Read original at benzinga