Management, Acquisitions, BuyBack Plans
Yahoo is technically strong and continues to climb at a steady pace. I recommend a buy for long-term value under $25.00 with a stop at $20.50. I believe $30.00-32.00 is a realistic target price by year's end, however the three major catalysts analyzed in this article could send the stock beyond those levels as we approach 2014. Pay close attention to announcements from management, intentions for acquisitions, and additional stock repurchase events to push the stock higher. $40 is not out of the question.