Yandex Given New $49.00 Price Target at Deutsche Bank (YNDX)
Equities research analysts at Deutsche Bank hoisted their price target on shares of Yandex (NASDAQ:YNDX) from $38.00 to $49.00 in a research note issued to investors on Tuesday, AR Network reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price target would suggest a potential upside of 28.31% from the stock’s previous close.
YNDX has been the subject of a number of other recent research reports. Analysts at Barclays reiterated a “buy” rating on shares of Yandex in a research note to investors on Monday, October 14th. They now have a $41.95 price target on the stock. Separately, analysts at UBS AG raised their price target on shares of Yandex from $33.00 to $45.60 in a research note to investors on Monday, October 14th. They now have a “buy” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Yandex from $35.00 to $52.00 in a research note to investors on Tuesday, October 8th. They now have a “buy” rating on the stock. Fourteen equities research analysts have rated the stock with a buy rating, Yandex has a consensus rating of “Buy” and an average price target of $39.02.
Yandex (NASDAQ:YNDX) traded down 6.37% during mid-day trading on Tuesday, hitting $38.19. The stock had a trading volume of 3,575,466 shares. Yandex has a one year low of $19.93 and a one year high of $35.88. The stock has a 50-day moving average of $33.22 and a 200-day moving average of $27.61. The company has a market cap of $12.466 billion and a P/E ratio of 41.88.
Yandex (NASDAQ:YNDX) last released its earnings data on Thursday, October 24th. The company reported $0.46 EPS for the quarter, missing the Thomson Reuters consensus estimate of $7.85 by $7.39. The company had revenue of $315.90 million for the quarter, compared to the consensus estimate of $9.87 billion. During the same quarter in the prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was up 42.9% on a year-over-year basis. On average, analysts predict that Yandex will post $34.62 earnings per share for the current fiscal year.
Yandex NV is a provider of internet services, headquartered in the Russian Federation. The Company operates a search engine, yandex.
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