Analyst Rating Update on Yahoo! (YHOO)

Yahoo! (YHOO) : 29 analysts are covering Yahoo! (YHOO) and their average rating on the stock is 2, which is read as a Buy. 13 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Yahoo! (YHOO) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 13 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Yahoo! (YHOO) : The consensus price target for Yahoo! (YHOO) is $42.11 for the short term with a standard deviation of $4.5. The most optimist securities analyst among the 23 who monitor the stock believes that the stock can reach $50, however, the pessimist price target for the company is $32.

For the current week, the company shares have a recommendation consensus of Buy. Also, Morgan Stanley downgrades their rating on the shares of Yahoo! (NASDAQ:YHOO). The current rating of the shares is Equal-weight. Earlier, the shares were rated a Overweight by the brokerage firm. Equity Analysts at the Firm lowers the price target to $42 per share from $46 per share. The rating by the firm was issued on July 26, 2016.

Yahoo!

Yahoo! (NASDAQ:YHOO): The stock opened at $38.43 on Wednesday but the bulls could not build on the opening and the stock topped out at $38.55 for the day. The stock traded down to $38.28 during the day, due to lack of any buying support eventually closed down at $38.39 with a loss of -0.47% for the day. The stock had closed at $38.57 on the previous day. The total traded volume was 5,888,951 shares.

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. Yahoo.com 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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