Analysts at JP Morgan Cazenove lifted their target price on shares of Yahoo! (NASDAQ: YHOO) from $26.00 to $30.00 in a research report issued to clients and investors on Wednesday, AnalystRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. JP Morgan Cazenove’s price target would indicate a potential upside of 1.15% from the stock’s previous close.
YHOO has been the subject of a number of other recent research reports. Analysts at Zacks reiterated an “outperform” rating on shares of Yahoo! in a research note to investors on Wednesday. They now have a $32.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Yahoo! in a research note to investors on Wednesday. They now have a $31.00 price target on the stock, up previously from $30.00. Finally, analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of Yahoo! in a research note to investors on Wednesday. They now have a $29.00 price target on the stock, down previously from $30.00.
Twenty-two analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $27.50.
Yahoo! (NASDAQ: YHOO) traded up 10.34% on Wednesday, hitting $29.66. Yahoo! has a 52-week low of $14.59 and a 52-week high of $27.68. The stock’s 50-day moving average is currently $26.04. The company has a market cap of $32.111 billion and a price-to-earnings ratio of 7.80.
Yahoo! (NASDAQ: YHOO) last released its earnings data on Tuesday, July 16th. The company reported $0.35 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.31 by $0.04. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the company posted $0.27 earnings per share. Yahoo!’s revenue was down .9% compared to the same quarter last year. On average, analysts predict that Yahoo! will post $1.41 earnings per share for the current fiscal year.
Yahoo! Inc (NASDAQ: YHOO) is a digital media company.
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