Youku.com (NASDAQ:YOKU) was downgraded by Deutsche Bank from a “buy” rating to a “hold” rating in a research note issued on Monday, TheFlyOnTheWall.com reports. They currently have a $23.00 price objective on the stock, up from their previous price objective of $22.84. Deutsche Bank’s price objective points to a potential downside of 1.25% from the company’s current price.
The analysts wrote, “We do not see any catalysts driving Youku outperformance in the next 12 months due to delayed mobile monetization/break-even point. The stock trades close to our DCF valuation of $23; d/g to HOLD. We widen our FY13 non-GAAP net loss by 14% and believe current Street expectation of FY14E profitability is overly optimistic (we are 80% lower). We expect co to struggle for breakeven in 2H13 due to 1) delay of mobile monetization, 2) content costs remains cumbersome due to competition, 3) limited visibility of lower tier city sell-through improvement.”
Several other analysts have also recently commented on the stock. Analysts at HSBC cut their price target on shares of Youku.com from $30.00 to $29.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Youku.com in a research note to investors on Friday. Finally, analysts at Brean Capital reiterated a “hold” rating on shares of Youku.com in a research note to investors on Friday.
Youku.com (NASDAQ:YOKU) traded down 1.89% on Monday, hitting $22.85. Youku.com has a 52-week low of $13.82 and a 52-week high of $26.37. The stock’s 50-day moving average is currently $20.50. The company’s market cap is $3.767 billion.
Youku.com (NASDAQ:YOKU) last announced its earnings results on Thursday, August 8th. The company reported ($0.10) earnings per share for the quarter, beating the analysts’ 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 previous year, the company posted ($0.09) earnings per share. The company’s revenue for the quarter was up 101.3% on a year-over-year basis. Analysts expect that Youku.com will post $-2.76 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.
