Weibo price target raised to $12.10 from $10.90 at Jefferies

Jefferies raised the firm’s price target on Weibo (WB) to $12.10 from $10.90 and keeps a Buy rating on the shares after the company reported Q4 results. The firm noted that management highlighted on its quarterly call the importance of AI in delivering better experience in search, recommendation, and advertising monetization. In 2025, advertising trends are not the same for all categories, with smartphones, electronics, and auto to perform better than others, supported by government subsidies, the analyst tells investors in a research note. The firm added that ecommerce ad spending is expected to perform well, and that higher R&D spending is expected due to AI.