Goldman Sachs Cuts Youku Tudou Inc Price Target to $21.00 (YOKU)
Analysts at Goldman Sachs lowered their price target on shares of Youku Tudou Inc (NASDAQ:YOKU) to $21.00 in a research report issued to clients and investors on Wednesday. Goldman Sachs’ price target suggests a potential downside of 2.42% from the company’s current price.
Shares of Youku Tudou Inc (NASDAQ:YOKU) opened at 21.52 on Wednesday. Youku Tudou Inc has a 52 week low of $17.77 and a 52 week high of $37.74. The stock’s 50-day moving average is $20.79 and its 200-day moving average is $24.3. The company’s market cap is $3.624 billion.
Youku Tudou Inc (NASDAQ:YOKU) last issued its quarterly earnings data on Tuesday, August 19th. The company reported ($0.07) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.34) by $0.27. The company had revenue of $154.54 million for the quarter. During the same quarter in the prior year, the company posted ($0.10) earnings per share. The company’s quarterly revenue was up 27.0% on a year-over-year basis. On average, analysts predict that Youku Tudou Inc will post $-1.71 earnings per share for the current fiscal year.
YOKU has been the subject of a number of other recent research reports. Analysts at Brean Capital cut their price target on shares of Youku Tudou Inc from $27.00 to $24.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at T.H. Capital initiated coverage on shares of Youku Tudou Inc in a research note on Monday. They set a “hold” rating on the stock. Finally, analysts at TH Capital downgraded shares of Youku Tudou Inc from a “buy” rating to a “hold” rating in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $25.33.
Youku Tudou Inc (NASDAQ:YOKU), formerly Youku Inc, is an Internet television company in the People’s Republic of China.
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