Report
Chelsey Tam
EUR 101.80 For Business Accounts Only

Multiple Drivers to Support Growth for Weibo; FVE Raised to USD 82 Per Share

We have raised narrow-moat Weibo’s fair value estimate from USD 80 per share to USD 82 per share. We now forecast 2017 revenue to increase 74% year over year (versus 79% previously) and operating profit to increase 178% (versus 143% previously). We have identified several drivers that continue to support strong growth for Weibo--active user acquisition in the lower-tier cities, a new advertising system that enables more effective real-time bidding and personalized targeting, the use of machine l...
Underlying
Weibo Corp Sponsored ADR Class A

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Chelsey Tam

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