Yahoo! PT Raised to $48.00 at Goldman Sachs Group Inc. (YHOO)
Goldman Sachs Group Inc. raised their price target on shares of Yahoo! (NASDAQ:YHOO) to $48.00 in a research note issued on Monday, AnalystRatingsNetwork.com reports. Goldman Sachs Group Inc.’s price objective would indicate a potential upside of 26.62% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Yahoo! in a research note to investors on Tuesday, January 21st. Separately, analysts at Nomura initiated coverage on shares of Yahoo! in a research note to investors on Wednesday, January 15th. They set a “neutral” rating and a $40.00 price target on the stock. Finally, analysts at UBS AG upgraded shares of Yahoo! from a “fair value” rating to a “buy” rating in a research note to investors on Tuesday, January 14th. Twenty research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Yahoo! presently has an average rating of “Hold” and a consensus price target of $34.74.
Yahoo! (NASDAQ:YHOO) traded down 1.08% during mid-day trading on Monday, hitting $37.50. 9,956,487 shares of the company’s stock traded hands. Yahoo! has a 52 week low of $19.31 and a 52 week high of $41.72. The stock has a 50-day moving average of $40.07 and a 200-day moving average of $33.2. The company has a market cap of $38.042 billion and a price-to-earnings ratio of 32.71.
In other Yahoo! news, General Counsel Ronald Bell sold 11,500 shares of the stock on the open market in a transaction dated Friday, January 17th. The stock was sold at an average price of $39.85, for a total transaction of $458,275.00. Following the sale, the general counsel now directly owns 404,308 shares of the company’s stock, valued at approximately $16,111,674. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Yahoo! Inc (NASDAQ:YHOO) is a digital media company.
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