Market Overview

UPDATE: Morgan Stanley Reiterates On On In-Line Sales, Narrowed Losses

Related SOHU
22 Stocks Moving In Monday's Pre-Market Session
20 Stocks Moving In Friday's Pre-Market Session

In a report published Monday, Morgan Stanley analyst Philip Wan reiterated an Underweight rating on (NASDAQ: SOHU), but removed the $53.00 price target.

In the report, Morgan Stanley noted, “2Q total ad sales grew 49% YoY to US$218mn, in line with our estimates. Brand ad revenue expanded 33% YoY (guidance up 30 35%) to US$133 (~33% of Sohu's total revenue), driven by solid performance from its online video and 17173 ad businesses.Search and other revenues jumped 84% YoY to US$85mn (21% of total,vs. 14% a year ago), helped by increasing traffic and monetization.” closed on Friday at $57.40.

Latest Ratings for SOHU

Apr 2017BenchmarkInitiates Coverage OnHold
Sep 2016Deutsche BankInitiates Coverage onBuy
Aug 2016JP MorganAssumesUnderweight

View More Analyst Ratings for SOHU
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Philip WanAnalyst Color Price Target Analyst Ratings


Related Articles (SOHU)

View Comments and Join the Discussion!