Sina Launches Weiyou Messaging App, Stock Way Too Pricey
If Sina is able to attract a significant amount of new users to its Weibo and Weiyou services, it could mean substantial upside for its stock. We currently have a $50 Trefis price estimate for Sina, which stands nearly 15% below its current market price. Display advertising on Sina and Weibo accounts for nearly 60% of its Trefis price estimate.
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