Yahoo! PT Raised to $39.00 at Goldman Sachs Group Inc. (YHOO)
Research analysts at Goldman Sachs Group Inc. boosted their price target on shares of Yahoo! (NASDAQ:YHOO) to $39.00 in a report released on Tuesday, Analyst Ratings.Net reports. Goldman Sachs Group Inc.’s price objective would indicate a potential upside of 14.24% from the stock’s previous close.
Yahoo! (NASDAQ:YHOO) traded down 5.13% on Tuesday, hitting $32.39. 22,432,120 shares of the company’s stock traded hands. Yahoo! has a 52-week low of $15.65 and a 52-week high of $35.06. The stock has a 50-day moving average of $29.94 and a 200-day moving average of $26.96. The company has a market cap of $33.048 billion and a P/E ratio of 9.40.
Yahoo! (NASDAQ:YHOO) last posted its quarterly earnings results on Tuesday, July 16th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.04. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis.
A number of other analysts have also recently weighed in on YHOO. Analysts at TheStreet reiterated a “buy” rating on shares of Yahoo! in a research note to investors on Tuesday. Separately, analysts at Stifel Nicolaus raised their price target on shares of Yahoo! from $33.00 to $41.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. They noted that the move was a valuation call. Finally, analysts at Thomson Reuters/Verus upgraded shares of Yahoo! from a “hold” rating to a “buy” rating in a research note to investors on Monday. Twenty-one analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $30.07.
Yahoo! Inc (NASDAQ:YHOO) is a digital media company.
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