Market Overview

Citigroup Sees Qihoo 360 Tripling Mobile Revenue In 2014

Related QIHU
Top Performing Industries For January 22, 2015
Cybersecurity Stocks To Watch Following U.S. Central Command Twitter Hack
Making Money With Charles Payne: 10/03/14 (Fox Business)

In a report dated July 24, Citigroup analyst Thomas Chong assumed coverage of Qihoo 360 Technology (NYSE: QIHU) with a Buy rating and a $114.10 price target.

Chong commented, "Qihoo demonstrates strong execution in monetization through PC search and mobile app stores with a focus in the China Market."

Chong believes that the company will be able to provide a one-stop search service to PC and Mobile advertisers through its formulated multi-channel strategy.

Looking ahead, Chong expects the company to capture market share in the high single-digits in terms of revenue in 2015.

Turning to mobile, he is looking for the company to more than triple revenue in 2014, hitting $289 million, driven by mobile game.

Following the release of the note, shares of Qihoo are up 4.9 percent at $100.35.

Latest Ratings for QIHU

Jan 2015Stifel NicolausMaintainsBuy
Dec 2014JP MorganDowngradesOverweightNeutral
Nov 2014Credit SuisseUpgradesNeutralOutperform

View More Analyst Ratings for QIHU
View the Latest Analyst Ratings

Posted-In: Citigroup Thomas ChongAnalyst Color News Price Target Initiation Analyst Ratings


Related Articles (QIHU)

Around the Web, We're Loving...

Get Benzinga's Newsletters