Citigroup raises Weibo's PT on potential gains from China's stimulus measures
** Brokerage Citigroup raises PT on Chinese social media advertising firm Weibo WB.O to $12 from $11
** U.S.-listed shares of Weibo up ~6% at $10.49 premarket following a climb in domestic stocks after recent stimulus measures from Chinese leaders to revive domestic economy
** Believe monetary and fiscal policy stimulus to boost growth in Q4 of 2024 and expect businesses and brands to increase advertisement spending to boost sales - Citigroup
** Adds, Weibo's online ad revenues to see potential gains from its social influences that attract both brands and performance-based advertisers
** Notes, Weibo could benefit from ecommerce platforms like Alibaba Group Holding BABA.N and major brands stepping up their marketing promotions to boost their singles day sales
** Eleven of 23 brokerages rate the stock "buy" or "higher", 10 "hold" and two "sell"; their median PT is $9.77 - LSEG
** Up to last close, WB down 0.36% YTD
Reporting by Anuja Bharat Mistry in Bengaluru
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限,并允许个人查看和/或使用网站或网站所提供的内容,但无意进行任何更改或扩展,也不会更改或扩展其服务和访问权限。所有访问和使用权限,将受下列条款与条例约束:(i) 条款与条例;(ii) 风险提示;以及(iii) 完整免责声明。请注意,网站所提供的所有讯息,仅限一般资讯用途。此外,XM所有在线交易平台的内容并不构成,也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料,仅适用于教育/资讯类用途,不包含也不应被视为用于金融、投资税或交易相关咨询和建议,或是交易价格纪录,或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容,包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接,皆保持不变,并作为一般市场评论所提供,而非投资性建议。所有在线交易平台所发布的资料,仅适用于教育/资讯类用途,不包含也不应被视为适用于金融、投资税或交易相关咨询和建议,或是交易价格纪录,或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解,XM非独立投资研究提示和风险提示相关资讯,更多详情请点击 这里。