SouFun Holdings Limited (SFUN) Receives Price Target

SouFun Holdings Limited (SFUN) : 4 investment research analysts covering SouFun Holdings Limited (SFUN) have an average price target of $6.92 for the near short term. The highest target price given by the Brokerage Firm to the stock is $7 and the lowest target is $7 for the short term. Analysts expect the variance to be within $0.34 of the average price.

SouFun Holdings Limited (SFUN) : The consensus on SouFun Holdings Limited (SFUN) based on 5 analyst recommendation on the company stock is 2.3, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.


Also, Equity Analysts at the Brokerage Firm, CLSA, downgrades their rating on the shares of SouFun Holdings Limited (NYSE:SFUN). CLSA has a Sell rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on August 26, 2016.

SouFun Holdings Limited (NYSE:SFUN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.46 and $4.46 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.66, notching a gain of 3.56% for the day. The total traded volume was 2,604,790 . The stock had closed at $4.50 on the previous day.

SouFun Holdings Limited operates as a real estate Internet portal in China. The Company also operates home furnishing and improvement Websites. Its Websites and mobile applications support online communities and networks of users seeking information on, and services for, the real estate and home-related sectors in China. The Companys Website contains contents covering more than 350 cities across China, as well as Hong Kong, Taiwan, Singapore and Vancouver, Canada. This Website also contains links to other specialized real estate and home furnishing and improvement Websites, including its Website, its e-commerce transaction and payment platform, and Website, its financing platform. The Companys service offerings include marketing services, e-commerce services, listing services and other value-added services.

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