0642 GMT - Weibo's undemanding valuations keep Citi analysts led by Alicia Yap bullish on the stock. The Chinese social-media platform posted mixed 4Q results, with revenue beating consensus estimates but net profit missing, the analysts say in a note. The company sees an opportunity to capture the fast evolution of AI and is stepping up investment in the area, which is likely to lead to a near-term drag on margins, the analysts say. They see potential upside for Weibo from AI search products and improved monetization. Citi retains its buy rating and $12.00 target price on Weibo's ADRs. ADRs last closed 1.15% higher at $8.76.(megan.cheah@wsj.com)
(END) Dow Jones Newswires
March 24, 2026 02:42 ET (06:42 GMT)
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