Yahoo! Inc. (YHOO) Message Board
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Yahoo upgraded to buy from hold: Cantor Fitzgerald, PT raised to $26
Yahoo Inc. YHOO +0.88% was upgraded to buy from hold on Tuesday by analysts at Cantor Fitzgerald, who said they believe the firm has stabilized its underlying operations. Additional factors for the upgrade are the material re-valuation of Yahoo's Asian assets and the likelihood of an $1.5 billion active buyback by the firm, the analysts said. The analysts raised their target price for Yahoo to $26 from $21, after adjusting the Alibaba/Yahoo Japan valuation on new disclosures. Alibaba is Yahoo's strategic partnership in China and financial results show 74% growth in revenue and 111% growth in operating income for 2012, noted the analysts. Yahoo Japan has continued to outperform since then end of 2012 when Yahoo increased its stake, said the analysts. Management comments at recent events have indicated more buybacks are ahead. Yahoo shares rose more than 1% in pre-market trading.
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Another $26 PT worth repeating...
- 1 Reply to co1done
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Yahoo will close over $23 then it's straight to $25.
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Yahoo will keep going higher.
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This is a new upgrade from today.
- 1 Reply to strumbollio
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Yahoo will keep going up until they have a bad quarter, which hasn't happened since coldone said buy at $11.
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All the numbers are conservative.
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The next upgrade will have a PT of $28.
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More good news for Yahoo. I hear a search deal with Google is almost agreed upon by both sides.
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Increased Asian assets valuation, stabilized underlying business operations, and continuation of share buybacks, why YHOO PT is upgraded to $26. To go $30's, MM should show Wall Street sustainable business operation along with increased revenue and earnings. $25 per share is the bag though!
Sentiment: Strong Buy
- 1 Reply to goingbravo
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It's everything coldone has been saying since Yahoo was at $11. You can thank the coldone...
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The upgrades and $26 PTs have Yahoo over $23.
- 2 Replies to neo1278alpha
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I'm glad coldone was on this site to encourage us to buy.
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The coldone likes the smell of a fresh upgrade in the morning...
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Another new upgrade for Yahoo with a PT of $26!
- 1 Reply to strumbollio
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It's a beautiful thing.
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The newest $26 PT is in. The next Yahoo upgrade will be a PT of $27.
- 1 Reply to nanobot8042
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Upgrades are coming in fast.
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