Shares of Weibo Corp. (NASDAQ: WB), the Chinese microblogging platform, saw a pre-market surge of 5.05% on September 30th, driven by positive analyst sentiment and expectations of a rebound in advertising revenue.
Citi analyst Alicia Yap maintained a "Buy" rating on Weibo and raised her price target to $12.00, citing anticipated growth in the company's advertising business. Yap believes that recent monetary and fiscal policy measures in China could spur a recovery in the economy, boosting consumer spending and advertising demand.
The optimistic analyst outlook follows Weibo's efforts to diversify its revenue streams and enhance user engagement. As the Chinese economy gradually recovers, investors are anticipating a resurgence in Weibo's core advertising segment, which has been impacted by the pandemic-induced economic downturn.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。