Market Overview

UPDATE: Goldman Sachs Raises PT on Yahoo Due to Increasing Asset Value

Share:
Related YHOO
Apple's Angela Ahrendts Is Nation's Best-Paid Female Executive
Why Tigress Financial Downgraded Yahoo
The Vetr community has upgraded $YHOO to 4.5-Stars. (Vetr)

In a report published Tuesday, Goldman Sachs raised the price target on Yahoo! Inc. (NASDAQ: YHOO) from $27 to $30 and reiterated its Conviction List-Buy rating.

In the report, Goldman Sachs analysts Joan Storms and John Garrett state, "updated our valuation analysis for YHOO; we are raising our estimated value of Alibaba to $70 bn (based on 8X 2013E EV/sales) from $35 bn, accounting for the appreciation in Yahoo! Japan shares, and taking a slightly more conservative approach to valuing Yahoo!'s core business. With the core business generating $1.7 bn in annual EBITDA, a more focused corporate strategy, early signs of new innovation, and the further monetization of the Asian assets acting as potential catalysts, we believe that YHOO represents a compelling risk-reward."

Yahoo! Inc. closed Monday at $26.75, and is currently trading up at 1.31% four hours after market open hours.

Latest Ratings for YHOO

DateFirmActionFromTo
May 2015Tigress FinancialDowngradesBuyNeutral
Mar 2015Morgan StanleyInitiates Coverage onOverweight
Mar 2015AxiomInitiates Coverage onBuy

View More Analyst Ratings for YHOO
View the Latest Analyst Ratings

Posted-In: Alibaba Goldman Sachs Yahoo! Inc.Analyst Color Price Target Analyst Ratings

 

Related Articles (YHOO)

Around the Web, We're Loving...