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.
Yahoo! Inc. has dropped 0.58% in the last five trading days, however, the shares have posted positive gains of 2.48% in the last 4 weeks. Yahoo! Inc. is up 2.96% in the last 3-month period. Year-to-Date the stock performance stands at 12.93%. Also, Major Brokerage house, Citigroup maintains its ratings on Yahoo! (NASDAQ:YHOO). In the latest research report, Citigroup raises the target price from $38 per share to $43 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on June 16, 2016.
Yahoo! (NASDAQ:YHOO) : Zacks Investment Research ranks Yahoo! (NASDAQ:YHOO) as 3, which is a Hold recommendation. 15 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 other analysts are mildly bullish on the stock and favor a Buy. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 26 research analysts is 1.73, which indicates as a Buy.
Yahoo! (NASDAQ:YHOO): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.89 and $36.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $37.58. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.56, notching a gain of 1.90% for the day. The total traded volume was 15,209,878 . The stock had closed at $36.86 on the previous day.
In an insider trading activity, The Securities and Exchange Commission has divulged that Utzschneider Lisa, officer (Chief Revenue Officer) of Yahoo Inc, had unloaded 732 shares at an average price of $37.37 in a transaction dated on June 22, 2016. The total value of the transaction was worth $27,355.
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.