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Weibo Corp (Symbol: WB) shares recently surpassed the average analyst 12-month target price of $24.49, trading at $25.02 per share. With this development, analysts may decide either to downgrade their target or raise it, depending on the company’s fundamentals. There are 8 different analyst targets contributing to this average, with one as low as $15.00 and another as high as $32.00, resulting in a standard deviation of $5.03.
Current recommendations for Weibo include 4 strong buy ratings and 4 hold ratings, reflecting a slight increase in strong buy recommendations from 3 one month ago. The average rating stands at 2.0, where 1 is a strong buy and 5 is a strong sell, according to data from Zacks Investment Research.
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