Yahoo! (YHOO) Receives ‘Analyst’ Rating

Yahoo! (YHOO) : The consensus on Yahoo! (YHOO) based on 28 analyst recommendation on the company stock is 2.04, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 12 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 analyst believes that the stock is a Buy, which can produce decent returns in the future. 13 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Yahoo! (YHOO) : The highest level Yahoo! (YHOO) is projected to reach is $53 for the short term and the lowest estimate is at $32. The consolidated price target from 23 rating analysts who initiate coverage on the stock is $42.24 and the possibility the share price can swing is $4.77.

Yahoo!

Also, In a research note released to the investors, Morgan Stanley downgrades its rating on Yahoo! (NASDAQ:YHOO).The analysts at the brokerage house have a current rating of Equal-weight on the shares. Earlier, the shares were rated a Overweight by the brokerage firm. In a recent information released to the investors, Morgan Stanley lowers the new price target from $46 per share to $42 per share. The rating by the firm was issued on July 26, 2016.

Yahoo! (NASDAQ:YHOO): After opening at $43.41, the stock dipped to an intraday low of $43.22 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $44.05 and the buying power remained strong till the end. The stock closed at $43.99 for the day, a gain of 1.22% for the day session. The total traded volume was 12,535,634. The stocks close on the previous trading day was $43.46.

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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