Yahoo! (YHOO) Receives Price Target

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. 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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