Price Target Update on Yandex N.V. (NASDAQ:YNDX)

Yandex N.V. (NASDAQ:YNDX) : Currently there are 5 street experts covering Yandex N.V. (NASDAQ:YNDX) stock. The most bullish and bearish price target for the stock is $30 and $16 respectively for the short term. The average price target of all the analysts comes to $21.8. The estimated standard deviation from the target is $5.67.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Citigroup, downgrades their rating on the shares of Yandex N.V. (NASDAQ:YNDX). Citigroup has a Neutral rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 6, 2016.

Yandex N.V. (NASDAQ:YNDX): stock turned positive on Thursday. Though the stock opened at $22.32, the bulls momentum made the stock top out at $22.59 level for the day. The stock recorded a low of $21.99 and closed the trading day at $22.08, in the green by 1.28%. The total traded volume for the day was 1,850,973. The stock had closed at $21.8 in the previous days trading.

The company shares have rallied 37.11% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $23.20 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $20.51 and the 200 Day Moving Average price is recorded at $16.26.

Yandex N.V. is an Internet and technology company. The Company operates as a search engine in Russia and also serves Turkey, Ukraine, Belarus and Kazakhstan. The Companys Russian businesses are organized in five operating segments: Russian Search and Portal, which includes all services offered in Russia, Belarus and Kazakhstan; Russian E-commerce, which includes the Yandex.Market service; Media Services, which includes Yandex.Music,, Yandex.TV program and Yandex.Kinoafisha; Taxi, which includes the Yandex.Taxi service, and Classified Aggregators, which include Yandex.Auto,, Yandex.Realty and Yandex.Job. Additionally, its international operations are organized in three operating segments: Turkish Search and Portal; Ukrainian Search and Portal, and Data Factory (including the Yandex.Data Factory service). It offers a range of specialized search, personalized and location-based services, including Yandex.News, Yandex.Market, Yandex.Mail, Yandex.Maps and Yandex.Auto.

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