Market Overview

UPDATE: Oppenheimer Raises PT to $22 on Yahoo! on Solid Results

Related YHOO
Large-Cap Wall Street Stalwarts Consider Consolidation
Tech Earnings Reflect Conscious Attempts At Circumventing Headwinds
60% Return From Reynolds' Smoking Hot Opportunity (Seeking Alpha)

Oppenheimer reiterated its Perform rating on Yahoo! (NASDAQ: YHOO) and raised the price target from $20.00 to $22.00.

Oppenheimer commented, "While 4Q revenue was in line, EBITDA was better than expected. However, the company provided modestly weaker than expected 1Q and 2013 guidance, reflecting 2H margin expansion. On the positive side, shares repurchased exceeded expectations, with more to come in 2013. … Our price target is now $22 (was $20), reflecting higher cash balance, lower share count, YJ value and Alibaba preferred accretion."

Yahoo! closed at $20.31 on Monday.

Latest Ratings for YHOO

Oct 2016JefferiesDowngradesBuyHold
Oct 2016NeedhamDowngradesBuyHold
Oct 2016MKM PartnersMaintainsBuy

View More Analyst Ratings for YHOO
View the Latest Analyst Ratings

Posted-In: OppenheimerAnalyst Color Price Target Analyst Ratings


Related Articles (YHOO)

View Comments and Join the Discussion!