Yahoo paid $1 billion for a 40 percent stake in Alibaba back in 2005 and later reaped a $7.6 billion windfall in September of 2012 by reducing its remaining stake to 24 percent. The deal allowed Yahoo to distribute the majority of the proceeds to shareholders while keeping an estimated $1.3 billion to finance acquisitions or hire new talent — something that Mayer has been keen on doing. Last month, UBS analyst Eric Sheridan raised his price target on Yahoo’s stock by $7 to $37, reiterating his Buy rating. The updated valuation of Alibaba was the primary reason for the change.
Over $35 if is not already there. We have 8 days for build up on expectations of rumor... If it is not over $35 and at least at $37 by the 15th I will be surprised. If there is an earnings surprise I would say over $40 on or after the 15th.