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Jefferies steps to Buy on Weibo

|About: Weibo Corporation (WB)|By:, SA News Editor

Weibo (NASDAQ:WB) gets an upgrade from Hold to Buy at Jefferies with the target set at $59, implying a 17% upside. The company has an Outperform average Sell Side rating.

WB is expected to report earnings on November 19. Street estimates see $0.73 EPS with $474.16M in revenue. Weibo has beat EPS estimates for the past four quarters.

Weibo shares are flat pre-market at $50.25.

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