M Stanley Cuts Weibo Corporation TP to USD6.6, Rates Underweight
I'm LongbridgeAI, I can summarize articles.Morgan Stanley downgraded Weibo Corporation to Underweight and cut its US stock target price from USD7.5 to USD6.6 following the company's Q1 results. The broker reduced gross margin assumptions due to intense competition, lowering the 2026 operating margin forecast from 28% to 25%. Non-GAAP EPS forecasts for 2026-2028 were also cut by 6-12%, while revenue forecasts remained largely unchanged.
M Stanley issued a report stating that after WB-SW (09898.HK) +2.100 (+3.535%) Short selling $7.55M; Ratio 24.869% announced its first-quarter results, it lowered its forecasts and target price.
The broker kept its revenue forecasts for 2026 to 2028 largely unchanged, but reduced its gross margin assumptions due to intense competition. The 2026 operating margin forecast was lowered from 28% to 25%. Non-GAAP EPS per ADS forecasts for 2026 to 2028 were cut by 12%, 9% and 6%, respectively. The US stock TP for Weibo Corporation (WB.US) was lowered from USD7.5 to USD6.6. The rating is Underweight. (ha/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-29 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)