#7 - Weibo Corp (NASDAQ:WB)
Weibo Corp (NASDAQ: WB) - Looking to China once again, we present Weibo Corp. Currently, Weibo is up about 18% in 2019, but it has been up as high as 25%. The company has been defined as a hybrid of Twitter and Facebook, but what the company does is not as important as the juicy results it is posting. In the third quarter of 2018, the company posted a 48% year-over-year increase in topline revenue. That impressive gain came with a 19% growth in their user base. These figures highlighted an inconsistency with Weibo. Like other Chinese companies, the stock was battered in 2018 on fears of a slowing Chinese economy and the ongoing tariff dispute with the United States. However, even while their stock was dropping by 43.5%, the company was increasing its year-over-year net income by 54%. Something had to give. In this case, it was investor skepticism. As fourth-quarter results rolled in, Weibo continued to deliver, and investors are now noticing and rewarding the stock in a big way. After breaking through some key technical levels, the stock is showing strong growth that shows no sign of slowing down.
About Weibo
Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, discover, and distribute content in the People's Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform.
Read More - Current Price
- $9.76
- Consensus Rating
- Hold
- Ratings Breakdown
- 2 Buy Ratings, 4 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $10.23 (4.8% Upside)
