CLSA Cuts Weibo Corporation TP to USD8, Maintains Outperform Rating
I'm LongbridgeAI, I can summarize articles.CLSA cut Weibo Corporation's target price from USD8.5 to USD8, maintaining an 'Outperform' rating. Despite Q2 results beating expectations, CLSA cited macro headwinds and challenges for Q3, forecasting a 4% YoY revenue decline and lower margins. The broker also reduced adjusted net profit forecasts for 2026 and 2027 by 13% and 6%, respectively, to account for investment needs.
CLSA issued a research report saying that despite macro headwinds, WB-SW (09898.HK) -1.150 (-1.964%) Short selling $618.63K; Ratio 8.958% 's 2Q results beat expectations, but the company will face multiple challenges in 3Q, which are expected to significantly weigh on performance.
CLSA expected Weibo's total revenue for 3Q to decrease 4% YoY, with gross margin forecast to fall below 70% and adjusted operating margin estimated at 16%. The broker lowered its adjusted net profit forecasts for Weibo for 2026 and 2027 by 13% and 6%, respectively, to reflect various investment needs. It also cut the US stock TP for Weibo Corporation (WB.US) from USD8.5 to USD8, while maintaining the "Outperform" rating. (sl/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-20 12:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)