Weibo - WB Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Weibo in the last year. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" WB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WB, but not buy additional shares or sell existing shares.
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9 brokers have issued twelve-month price targets for Weibo's stock. Their WB share price forecasts range from $22.00 to $66.00. On average, they predict the company's stock price to reach $35.88 in the next twelve months. This suggests a possible upside of 104.4% from the stock's current price.
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Weibo's stock was trading at $30.98 at the beginning of the year. Since then, WB shares have decreased by 43.4% and is now trading at $17.55.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 10th 2022.
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Weibo Co. (NASDAQ:WB) posted its quarterly earnings data on Thursday, September, 1st. The information services provider reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.02. The information services provider had revenue of $450.20 million for the quarter, compared to analysts' expectations of $449.41 million. Weibo had a trailing twelve-month return on equity of 14.05% and a net margin of 11.96%. The firm's revenue was down 21.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 EPS.

Based on aggregate information from My MarketBeat watchlists, some companies that other Weibo investors own include Alibaba Group (BABA), NVIDIA (NVDA), Micron Technology (MU), JD.com (JD), Netflix (NFLX), Baidu (BIDU), Hello Group (MOMO), Block (SQ), Advanced Micro Devices (AMD) and Intel (INTC).

Weibo trades on the NASDAQ under the ticker symbol "WB."

Weibo's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (2.08%), ARGA Investment Management LP (1.51%), Deutsche Bank AG (1.49%), Federated Hermes Inc. (1.32%), Macquarie Group Ltd. (0.50%) and Renaissance Technologies LLC (0.34%).

Shares of WB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WB stock can currently be purchased for approximately $17.55.

Weibo (NASDAQ:WB) has a market capitalization of $4.15 billion and generates $2.26 billion in revenue each year. The information services provider earns $428.32 million in net income (profit) each year or $1.11 on an earnings per share basis.

The company employs 6,147 workers across the globe.

Weibo's mailing address is 8/F QIHAO PLAZA NO. 8 XINYUAN S. ROAD CHAOYANG DISTRICT, BEIJING F4, 100027. The official website for the company is ir.weibo.com. The information services provider can be reached via phone at 861058983017, via email at ir@staff.weibo.com, or via fax at 86-10-8260-8888.