Yahoo! (YHOO) stock is expected to deviate a maximum of $4.77 from the average target price of $42.24 for the short term period. 23 Street Experts have initiated coverage on the stock with the most promising target being $53 and the most muted being $32.
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.
Also, Morgan Stanley downgrades its view on Yahoo! (NASDAQ:YHOO) according to the research report released by the firm to its investors. The shares have now been rated Equal-weight by the stock experts at the ratings house. Earlier, the shares had a rating of Overweight. Morgan Stanley lowers the price target from $46 per share to $42 per share on Yahoo! . The rating by the firm was issued on July 26, 2016.
Yahoo! (NASDAQ:YHOO): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $42.78 and $42.72 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.93, notching a gain of 0.42% for the day. The total traded volume was 5,575,305 . The stock had closed at $42.75 on the previous day.
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.