BofA Securities Maintains Weibo(WB.US) With Sell Rating, Maintains Target Price $8.9

Futu NewsMar 15 18:32 · Ratings

Benchmark Co. Maintains Weibo(WB.US) With Hold Rating

Futu NewsMar 15 13:32 · Ratings

【Brokerage Focus】CITIC International maintains the "Buy" rating for Weibo (09898), expecting that the overall sentiment of advertisers will remain mixed in the fiscal year 2025.

Jinwu Financial News | CMB International stated that Weibo (09898) announced its 4Q24 performance on March 13: Net income of 0.457 billion USD, basically flat year-on-year at fixed exchange rates, in line with consensus expectations; non-GAAP net income increased by 40% year-on-year to 0.107 billion USD, exceeding consensus expectations by 9%, mainly due to effective control of operating expenses. For FY24, the company's net income reached 1.75 billion USD, with a year-on-year growth of 1% at fixed exchange rates. Looking ahead to FY25, overall advertiser sentiment remains mixed. With support from national subsidy policies, certain vertical fields like 3C and e-commerce continue to increase advertising.

Jinwu Financial NewsMar 14 16:40 · Ratings

Large bank rating | Citigroup: Maintain Weibo 'Buy' rating; last quarter's performance exceeded market expectations.

Gelonghui, March 14 | Citibank published a research report stating that Weibo's revenue decreased by 1% year-on-year last quarter, falling short of Citibank's predictions, but exceeding market expectations by 1%. The non-GAAP net income reached 0.1066 billion USD, above market expectations by 8.6%. The report cited Weibo stating that entering the first quarter of this year, benefiting from the government's subsidy for trade-ins, the advertising budget expenditures of e-commerce platforms are positive. Weibo also believes that even amidst fierce competition, original equipment manufacturers (OEMs) in the automotive sector will continue to rely on the group's platform to launch new products. Citibank has reduced the group's revenue and non-GAAP profit forecasts for this year by 2.7% and 3.7%, respectively, and further lowered.

Gelonghui FinanceMar 14 14:53 · Ratings

Citi reported in "The Big Company" that Weibo (WB.US) performed better than expected last season with a Target Price of $12.

Citigroup published a research report stating that Weibo (09898.HK)(WB.US) saw a 1% year-on-year decline in revenue last season, which was worse than Citigroup's forecast but higher than market expectations by 1%. The non-GAAP net income reached 0.1066 billion USD, exceeding market expectations by 8.6%. The report quoted Weibo indicating that entering the first quarter of this year, benefiting from the government's "trade-in for new" subsidy, advertising budget spending on e-commerce platforms is positive. Weibo also believes that despite intense competition, automotive original equipment manufacturers (OEMs) will still rely on the group's platform to launch new products. Citigroup has downgraded the group's revenue and non-GAAP profit estimates for this year by 2.7% and 3.

AASTOCKSMar 14 14:37

Jefferies Maintains Weibo(WB.US) With Buy Rating, Raises Target Price to $12.1

Futu NewsMar 14 14:31 · Ratings