Haitong International's analyst rating for WB-SW (Weibo) is based on the company's stable user base and usage time, indicating that Weibo has entered a steady development phase with a stabilizing growth rate. This positioning is seen as lower compared to other comparable internet companies. As a result, Haitong International assigned a valuation multiple below the industry average, specifically a FY26 P/E ratio of 8 times, and set a target price of HKD107, leading to an Outperform rating.
