Citigroup launches investment report today to maintain Sina stock (Nasda:sina) buying rating

Source: Internet
Author: User
Keywords Sina High revenue
Tags high released sina stock

Citigroup released its investment report today to maintain the "buy" rating of Sina (Nasda:sina), bringing its target share price from $96 to $104.

Sina's third-quarter earnings were Better-than-expected, with revenue of $185 million, up 22% per cent above Wall Street's expected $183 million. Diluted earnings per share of $0.42 trillion, above Wall Street's expected $0.32 trillion. Sina expects fourth-quarter revenues to reach $195 million trillion to $199 million trillion, up 40% to 43% per cent, up from Wall Street's expected $187 million trillion.

The cooperation between Weibo and Alibaba has been shown to be effective, mainly in two aspects. According to Sina's management, 48% of Weibo active users have linked their microblog accounts to their Taobao accounts. It is clear that Weibo will benefit from promotional activities such as "11.11".

In addition, Weibo has contributed 30% of the revenue to Sina, thus becoming the driving force for revenue growth. In the third quarter, Weibo revenue grew 128% per cent year-on-year. And Alibaba contributed nearly 50% of Weibo advertising revenue.

At the same time, the investment bank Oppenheimer also gave Sina shares a "buy" rating, with a net target price of 90 dollars.

Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.