BofA raised the firm’s price target on Weibo (WB) to $9 from $8.50 and keeps an Underperform rating on the shares after Q2 results beat expectations. However, the firm lowered its outlook for Weibo’s ad revenue for FY25 due to softer spending from phone and online game verticals and a high base due to the Olympics in Q3.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WB: