Yahoo! Given New $39.00 Price Target at B. Riley (YHOO)
Equities research analysts at B. Riley lifted their target price on shares of Yahoo! (NASDAQ:YHOO) from $32.00 to $39.00 in a research note issued to investors on Wednesday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. B. Riley’s price target would suggest a potential upside of 18.15% from the company’s current price.
A number of other firms have also recently commented on YHOO. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Yahoo! to $39.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Yahoo! in a research note to investors on Tuesday. Finally, 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. Twenty-one research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Yahoo! has a consensus rating of “Hold” and an average price target of $30.31.
Yahoo! (NASDAQ:YHOO) traded up 0.24% during mid-day trading on Wednesday, hitting $33.01. 33,487,968 shares of the company’s stock traded hands. Yahoo! has a 1-year low of $15.65 and a 1-year high of $35.06. The stock’s 50-day moving average is $30.11 and its 200-day moving average is $27.03. The company has a market cap of $33.681 billion and a P/E ratio of 9.07. Yahoo! also was the target of unusually large options trading activity on Tuesday. Stock investors acquired 34,824 put options on the stock. This represents an increase of approximately 102% compared to the average daily volume of 17,221 put options.
Yahoo! (NASDAQ:YHOO) last posted its quarterly earnings results on Tuesday, July 16th. The company reported $0.35 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.27 earnings per share. Yahoo!’s revenue was down .9% compared to the same quarter last year. Analysts expect that Yahoo! will post $1.47 EPS for the current fiscal year.
Yahoo! Inc (NASDAQ:YHOO) is a digital media company.
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