Yahoo! Inc. (AABA) Given Average Recommendation of “Buy” by Analysts

Yahoo! Inc. (NASDAQ:AABA) has been assigned a consensus rating of “Buy” from the twenty-eight analysts that are presently covering the stock, Marketbeat.com reports. Fourteen equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $51.27.

Several research analysts recently commented on the stock. B. Riley dropped coverage on shares of Yahoo! in a research note on Wednesday, June 14th. UBS AG reaffirmed a “buy” rating and issued a $58.00 target price (up from $50.00) on shares of Yahoo! in a research note on Wednesday, May 24th. Oppenheimer Holdings, Inc. assumed coverage on shares of Yahoo! in a research note on Thursday, July 6th. They issued an “outperform” rating and a $75.00 target price on the stock. Zacks Investment Research raised shares of Yahoo! from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research note on Wednesday, July 12th. Finally, MKM Partners lifted their target price on shares of Yahoo! from $62.00 to $76.00 and gave the stock a “buy” rating in a research note on Sunday, September 3rd.

Yahoo! (NASDAQ AABA) traded down 0.69% during midday trading on Tuesday, hitting $63.58. 3,298,320 shares of the stock were exchanged. Yahoo! has a 1-year low of $38.24 and a 1-year high of $66.20. The stock’s market cap is $60.99 billion. The company’s 50 day moving average is $61.18 and its 200-day moving average is $52.66.

A number of large investors have recently modified their holdings of the business. Disciplined Growth Investors Inc. MN purchased a new position in Yahoo! in the 2nd quarter worth about $128,338,000. Cibc World Markets Corp purchased a new position in Yahoo! in the 2nd quarter worth about $108,960,000. Atlantic Trust Group LLC purchased a new position in Yahoo! in the 2nd quarter worth about $1,139,000. Pacer Advisors Inc. purchased a new position in Yahoo! in the 2nd quarter worth about $1,108,000. Finally, Cowen Prime Services LLC purchased a new position in Yahoo! in the 2nd quarter worth about $183,000. 72.70% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This news story was reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of United States and international trademark & copyright legislation. The legal version of this news story can be viewed at https://sportsperspectives.com/2017/09/11/yahoo-inc-aaba-given-average-recommendation-of-buy-by-analysts.html.

About Yahoo!

Altaba Inc (the Fund), formerly Yahoo! Inc, is a non-diversified, closed-end management investment company. The Fund seeks to track the combined investment return of the Alibaba Shares and the Yahoo Japan Shares it owns. Alibaba Shares represent an approximate 15% equity interest in Alibaba Group Holding Limited (Alibaba), and its Yahoo Japan Corporation ((Yahoo Japa) Shares represent an approximate 36% equity interest in Yahoo Japan.

Analyst Recommendations for Yahoo! (NASDAQ:AABA)

Receive News & Ratings for Yahoo! Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yahoo! Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply