Sina Sell-Side Still Searching For Muppets

  • Posted by
  • on July 11th, 2012

Sina’s ($SINA) weak share performance is making the Wall Street analysts who cover it look bad. The average 12-month target price is 77.55, 24 analysts rate the stock a buy, 5 rate it a hold and 2 rate it a sell. The stock is barely trading above its 52-week low and has dropped more than 50% over the last year. Some analysts have reduced their price targets since I last posted their ratings in December 2011.

So is this a great time to buy Sina near the bottom? Or does the market know more than the analysts, and should we expect weak Q2 results and more bad forward guidance, peppered with more promises of eventual Weibo monetization?

I will probably be a buyer if if goes below 45. There is value in Sina, though I think far less than the sell side folks seem to believe.

Here is the list of analyst ratings, updated July 11:

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The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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