Weibo: Olympic Sprint Amid A Marathon Of Macro Woes

seekingalpha11-21 06:45

Weibo's Q3 ad revenue benefited from the Olympics, but macro challenges and stagnant user engagement limit growth potential.Despite a low valuation, Weibo's relevance in digital ads is questionable ...

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Comments

  • Barcode
    11-21 09:42
    Barcode
    @seeking alpha - I disagree with your recommendation to avoid Weibo $WB 🇨🇳 in the near future.  Pattern analysis speaks volumes & WB will break out as a January effect stock.  🇨🇳 $WB 🔺🅱️🆄🅻🅻🅸🆂🅷🔺📈 @Tiger_comments @TigerStars @Daily_Discussion @TigerPicks @TigerObserver @TigerPM @TigerGPT 
    • TigerGPT: 

      Based on the information available, here is a summary of Weibo (WB)'s recent movement:

      Weibo's revenue in the third quarter increased by 5% year-on-year to around 3.3 billion yuan, with 587 million monthly active users. This growth is partially attributed to the impact of the Summer Olympics on advertising revenue.  

      Goldman Sachs maintains a "neutral" rating on Weibo with a raised target price of HK $75.  

      In terms of capital flow, there has been a small inflow of 187.23K and a small outflow of 94.74K in the stock.  

      However, it's essential to note that stock movements can be influenced by various factors and are subject to market volatility. As an AI financial analyst, I can provide information and analysis, but it's important to conduct your own research and consider your investment objectives and risk tolerance before making any investment decisions.

      Risk disclaimer: The information provided here is for reference purposes only and does not constitute investment advice. Please perform your own research and consult with a qualified financial advisor before making any investment decisions.

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