Yandex N.V. (YNDX) Receives Price Target

Yandex N.V. (YNDX) : The highest level Yandex N.V. (YNDX) is projected to reach is $30 for the short term and the lowest estimate is at $16. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $25 and the possibility the share price can swing is $6.22.

Yandex N.V. (YNDX) has an average broker rating of 1.08, which is interpreted as a Strong Buy, as rated by 6 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.


Also, HSBC initiates coverage on Yandex N.V. (NASDAQ:YNDX). 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 July 18, 2016.

Yandex N.V. (NASDAQ:YNDX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.04 and $22.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $22.42. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.19, notching a gain of 0.68% for the day. The total traded volume was 1,865,632 . The stock had closed at $22.04 on the previous day.

Yandex N.V. is an Internet and technology company. The Company operates as a search engine in Russia and also serves Turkey, Ukraine, Belarus and Kazakhstan. The Companys Russian businesses are organized in five operating segments: Russian Search and Portal, which includes all services offered in Russia, Belarus and Kazakhstan; Russian E-commerce, which includes the Yandex.Market service; Media Services, which includes Yandex.Music,, Yandex.TV program and Yandex.Kinoafisha; Taxi, which includes the Yandex.Taxi service, and Classified Aggregators, which include Yandex.Auto,, Yandex.Realty and Yandex.Job. Additionally, its international operations are organized in three operating segments: Turkish Search and Portal; Ukrainian Search and Portal, and Data Factory (including the Yandex.Data Factory service). It offers a range of specialized search, personalized and location-based services, including Yandex.News, Yandex.Market, Yandex.Mail, Yandex.Maps and Yandex.Auto.

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