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August 15, 2014
06:06 EDTWBWeibo sell-off related to maintained guidance, says Piper Jaffray
Piper Jaffray attributes the post-earnings pullback last night in shares of Weibo to the company maintaining its guidance, as some investors were looking for a slightly raised revenue outlook. Piper believes Weibo is meeting its goals for sustainable revenue growth and keeps an Overweight rating on the stock with a $26 price target.
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