Price Target Update on Yahoo! (NASDAQ:YHOO)

Yahoo! (NASDAQ:YHOO) : The highest level Yahoo! (NASDAQ:YHOO) is projected to reach is $52 for the short term and the lowest estimate is at $32. The consolidated price target from 24 rating analysts who initiate coverage on the stock is $43.17 and the possibility the share price can swing is $5.21.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Yahoo! (NASDAQ:YHOO). Citigroup has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $43 per share from a prior target of $38. The rating by the firm was issued on June 16, 2016.

Yahoo! (NASDAQ:YHOO): stock turned positive on Thursday. Though the stock opened at $37.64, the bulls momentum made the stock top out at $37.78 level for the day. The stock recorded a low of $37.41 and closed the trading day at $37.78, in the green by 1.12%. The total traded volume for the day was 7,710,892. The stock had closed at $37.36 in the previous days trading.

The company shares have dropped -9.03% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $41.39 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $37.04 and the 200 Day Moving Average price is recorded at $34.01. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Utzschneider Lisa, officer (Chief Revenue Officer) of Yahoo Inc, had unloaded 339 shares at an average price of $36.97 in a transaction dated on June 10, 2016. The total value of the transaction was worth $12,533.

Yahoo! Inc. is a technology company. The Company is engaged in providing Internet search, communication and digital content. The Company manages its business geographically: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific. The Companys products include Search, Communications, Digital content, Flickr, and Tumblr. Yahoo Search is a search engine serves as a starting point to navigate the Internet and discover information, which is ranked and organized -based on their relevance to the query. Yahoo Mail connects users across mobile phones, tablets and PC. offers news and information, including Yahoo original content and partner content. Flickr is a Web and mobile photo management and sharing service. Tumblr offers a Web platform and mobile applications (particularly on the iOS and Android platforms) that allow users to create, share and curate content. Yahoo is also a digital publisher and advertising technology provider.

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