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Weibo Stock Has Rallied

Two analysts raised their estimates for WB recently

Weibo Corporation (NASDAQ: WB) stock jumped 5.8% yesterday. The move came on solid volume, as far more shares of WB changed hands than usual. The surge marked a continuation of the recent uptrend by WB stock.  Weibo stock is now up 35% in the past-month.

3 Big Reasons to Believe in the Weibo Stock Turnaround
Source: testing / Shutterstock.com

Two analysts have raised their estimates for WB in the past few weeks. The Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more gains could be ahead for Weibo stock. So, make sure to keep an eye on WB stock going forward to see if this recent jump leads to  more strength down the road.

Weibo currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

WB Stock Price

Investors interested in the Internet – Content industry may consider Perion Network (NASDAQ: PERI), which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is WB going up? Or down? Predict to see what others think:Up or Down

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Weibo Corporation (WB): Free Stock Analysis Report

Perion Network Ltd (PERI): Free Stock Analysis Report

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Article printed from InvestorPlace Media, https://investorplace.com/2019/09/weibo-stock-has-rallied/.

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