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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Citigroup analyst Alicia Yap downgrades Weibo (NASDAQ:WB) from Buy to Neutral and lowers the price target from $9.3 to $7.8.
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