Price Target Update on Qihoo 360 Technology Co. Ltd. (NYSE:QIHU)

Qihoo 360 Technology Co. Ltd. (NYSE:QIHU) : Average target price received by Qihoo 360 Technology Co. Ltd. (NYSE:QIHU) is $67.33 with an expected standard deviation of $11.24. The most aggressive target on the stock is $77, whereas the most downbeat target is $55. 3 financial analysts are currently covering the stock.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Stifel Nicolaus, upgrades their rating on the shares of Qihoo 360 Technology Co. Ltd. (NYSE:QIHU). Stifel Nicolaus has a Buy rating on the shares. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on May 11, 2016.

Qihoo 360 Technology Co. Ltd. (NYSE:QIHU): stock turned positive on Thursday. Though the stock opened at $74.19, the bulls momentum made the stock top out at $75.5 level for the day. The stock recorded a low of $73.9 and closed the trading day at $75.26, in the green by 1.84%. The total traded volume for the day was 1,958,037. The stock had closed at $73.9 in the previous days trading.

The company shares have rallied 6.15% from its 1 Year high price. On Apr 26, 2016, the shares registered one year high at $76.10 and the one year low was seen on Sep 14, 2015. The 50-Day Moving Average price is $72.75 and the 200 Day Moving Average price is recorded at $72.95.

Qihoo 360 Technology Co. Ltd. is an Internet company. The Company is primarily engaged in the operations of Internet services in the Peoples Republic of China. The Companys core Internet and mobile security products include 360 Safe Guard, 360 Anti-virus and 360 Mobile Safe. The Company has developed various platform products to meet a range of security-related needs of Internet users and create access points to the Internet, which include 360 browsers; 360 Personal Start-up Page and its subpages; 360 Search, and 360 Mobile Assistant. The Companys services include online advertising, which include online advertising service solutions, such as sponsored links (advertising links), on its platform products; Internet value-added services, which include games developed by third parties to users, and Other services, which include enterprise information security products and related services, such as firewalls, gateways and Internet security monitoring systems to enterprise customers.

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