Analysts at HSBC dropped their price target on shares of Youku.com (NASDAQ:YOKU) from $29.00 to $28.00 in a research report issued to clients and investors on Wednesday, AnalystRatingsNetwork reports. The firm currently has an “overweight” rating on the stock. HSBC’s target price would indicate a potential upside of 19.05% from the company’s current price.
YOKU has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. downgraded shares of Youku.com (NASDAQ:YOKU) from an “overweight” rating to a “neutral” rating in a research note to investors on Friday, August 30th. They now have a $23.00 price target on the stock, down previously from $25.00. Separately, analysts at Deutsche Bank downgraded shares of Youku.com (NASDAQ:YOKU) from a “buy” rating to a “hold” rating in a research note to investors on Monday, August 12th. They now have a $23.00 price target on the stock, up previously from $22.84. Finally, analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Youku.com (NASDAQ:YOKU) in a research note to investors on Friday, August 9th.
Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $26.21.
Youku.com (NASDAQ:YOKU) traded down 0.63% during mid-day trading on Wednesday, hitting $23.52. The stock had a trading volume of 1,051,846 shares. Youku.com has a 52 week low of $13.82 and a 52 week high of $26.37. The stock has a 50-day moving average of $22.36 and a 200-day moving average of $19.78. The company’s market cap is $3.901 billion.
Youku.com (NASDAQ:YOKU) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.10) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.75) by $0.65. The company had revenue of $122.80 million for the quarter, compared to the consensus estimate of $122.30 million. During the same quarter in the prior year, the company posted ($0.09) earnings per share. The company’s quarterly revenue was up 101.3% on a year-over-year basis. Analysts expect that Youku.com will post $-2.58 EPS for the current fiscal year.
Youku.com Inc is an Internet television company in People’s Republic of China. Its Internet television platform enables consumers to search, view and share video content quickly and easily across multiple devices.
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