#6 - Weibo Corp. (NASDAQ:WB)
Weibo Corp. (NASDAQ: WB) - It’s hard to imagine that a company whose active user base is nearly a million higher than Twitter and in its most recent earnings report had increased that user base by 70 million people (compared to Twitter adding 6 million in the same period) would be the victim of elevated expectations, but such is the case for Weibo Corp. Weibo is a social media giant in China and, like many of the companies on this list, they use social media as a jumping off point for a range of services including videos, photos and live streaming of content that allow them to monetize their user base in exciting new ways, including through its BABA-backed “Weibo Payment” that facilitates e-commerce and virtual gifting.
To that end, the company announced an increase in sales of 79% in May, with year-over-year revenue increasing by 76%. Earnings per share also nearly doubled year-over-year from $0.26 to $0.50. However, upon the release of these earnings, the company’s stock price dipped 15%. Still, one analyst is projecting Weibo’s stock to soar to $160, which would be an 80% increase from its current level.
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
- $9.12
- Consensus Rating
- Hold
- Ratings Breakdown
- 2 Buy Ratings, 4 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $10.23 (12.2% Upside)
