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SINA

SINA

$67.29

-0.91 (-1.33%)

, WB

Weibo

$45.61

1.33 (3.00%)

07:14
11/22/16
11/22
07:14
11/22/16
07:14

SINA shares remain undervalued, says Brean Capital

Brean Capital analyst Fawne Jiang said SINA (SINA) reported strong Q3 results driven by robust growth from Weibo (WB) on the back of continued user growth and accelerated monetization. Jiang believes SINA shares are undervalued as she expects to see continued growth, improved margins, and cost controls. Jiang reiterated her Buy rating and $100 price target on SINA shares.

SINA

SINA

$67.29

-0.91 (-1.33%)

WB

Weibo

$45.61

1.33 (3.00%)

SINA SINA
$67.29

-0.91 (-1.33%)

08/31/16
JPMS
08/31/16
INITIATION
Target $123
JPMS
Overweight
SINA assumed with an Overweight at JPMorgan
JPMorgan analyst Alex Yao assumed coverage of SINA with an Overweight rating and $123 price target. The rating is unchanged and the price target is raised from $58. The analyst believes SINA will continue to benefit from the monetization of Weibo.
08/31/16
08/31/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. BTIG initiated coverage of Juno Therapeutics (JUNO) with a Sell rating, saying the firm is "generally skeptical of current investor expectations for the CD19 CAR T market." The firm has a fair value estimate on Juno of $23 per share. 2. JPMorgan analyst Alex Yao assumed coverage of Sohu.com (SOHU) with an Underweight rating and $40 price target. The rating is unchanged and the price target is lowered from $47. The company will find it difficult to come up with new initiatives to address the continued decline in games revenue, Yao tells investors in a research note. 3. JPMorgan's Yao assumed coverage of SINA (SINA) with an unchanged Overweight rating and $123 price target. 4. Jefferies analyst Jason Kupferberg started First Data (FDC) with a Buy rating and $16.50 price target. Growth in the company's domestic merchant processing segment is set to inflect, the analyst tells investors in a research note. 5. Baird analyst William Power initiated j2 Global (JCOM) with an Outperform rating and $83 price target, citing its attractive valuation, strong free cash flow, consistent margin expansion, the growth in digital media, and its disciplined acquisition strategy. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/14/16
BMUR
09/14/16
NO CHANGE
Target $100
BMUR
Buy
SINA price target raised to $100 from $65 at Brean Capital
Brean Capital analyst Fawne Jiang raised her price target on SINA (SINA) to $100 from $65 based on a sum-of-the-parts valuation and the substantial valuation gap between the shares and those of the company's largest asset, Weibo (WB). The valuation gap creates attractive opportunities for both investors as well as for strategic buyers who might have an interest in taking over Weibo, the analyst tells investors. Jiang sees SINA as undervalued and reiterates her Buy rating on the shares.
11/21/16
THCP
11/21/16
NO CHANGE
Target $81
THCP
Buy
SINA price target raised to $81 from $62 at TH Data Capital
TH Data Capital analyst Tian Hou raised the firm's price target on SINA (SINA) to $81 from $62 in advance of the company's Q3 report, due out after the close tonight. Hou expects SINA's results to be at least in line with consensus, driven by Weibo (WB), and believes Sina's portal business may have bottomed.
WB Weibo
$45.61

1.33 (3.00%)

08/10/16
FBCO
08/10/16
NO CHANGE
Target $44
FBCO
Outperform
Weibo coverage assumed with an Outperform at Credit Suisse
Credit Suisse analyst Evan Zhou assumed coverage on Weibo with an Outperform and $44 price target.
08/31/16
JPMS
08/31/16
INITIATION
Target $70
JPMS
Overweight
Weibo assumed with an Overweight at JPMorgan
JPMorgan analyst Alex Yao assumed coverage of Weibo with an Overweight rating and $70 price target. The rating is unchanged and the price target is raised from $26.

TODAY'S FREE FLY STORIES

LEJU

Leju

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0.07 (2.93%)

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GCP

GCP Applied Technologies

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0.3 (1.00%)

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PHM

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CAA

CalAtlantic

$34.80

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BZH

Beazer Homes

$13.01

0.03 (0.23%)

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MTH

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-0.4 (-0.98%)

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TOL

Toll Brothers

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LEN

Lennar

$52.41

-0.84 (-1.58%)

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KBH

KB Home

$22.23

-0.1 (-0.45%)

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  • 27

    Jun

MHK

Mohawk

$242.70

-0.22 (-0.09%)

19:27
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FBHS

Fortune Brands

$65.09

0.06 (0.09%)

19:27
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JELD

JELD-WEN Holding

$34.60

-0.29 (-0.83%)

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IBP

Installed Building Products

$52.75

-1 (-1.86%)

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OC

Owens Corning

$66.42

-0.85 (-1.26%)

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WHR

Whirlpool

$195.16

1.35 (0.70%)

19:26
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MAS

Masco

$38.82

0.06 (0.15%)

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LEG

Leggett & Platt

$52.66

-0.16 (-0.30%)

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USG

USG

$29.29

0.35 (1.21%)

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CSTE

Caesarstone

$35.20

1.05 (3.07%)

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GOOG

Alphabet

$957.09

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Alphabet Class A

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$957.09

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AHH

Armada Hoffler

$13.70

-0.07 (-0.51%)

19:08
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  • 01

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SBUX

Starbucks

$59.51

-0.45 (-0.75%)

18:59
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  • 23

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GPMT

Granite Point Mortgage

18:16
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  • 23

    Jun

TWO

Two Harbors

$10.39

0.02 (0.19%)

, GPMT

Granite Point Mortgage

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  • 23

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