SINA posted first operating profit for Weibo, says Piper Jaffray Piper Jaffray notes that Q4 marked the first quarter of operating profitability for SINA's Weibo. Piper views the milestone as important for the eventual IPO of Weibo. It expects the IPO announcement to be a positive catalyst for SINA shares and keeps an Overweight rating on the stock with a $95 price target.
News For SINA From The Last 14 Days
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