Yahoo! (NASDAQ:YHOO) Receives a Downgrade
In a note issued to investors and clients on Wednesday morning, Nomura has decided to lowered rating on Yahoo! (NASDAQ:YHOO) shares to a Neutral. YHOO’s prior rating was a Buy.
From a total of 36 analysts covering Yahoo! Inc. (NASDAQ:YHOO) stock, 25 rate it a ”Buy”, 0 a “Sell”, and 17 a ”Hold”. This means that 60% of the ratings are positive. The highest target price is $53 while the lowest target price is $33. The mean of all analyst targets is $41.86 with a 19.07% above today’s ($35.65) stock price. Yahoo! Inc. was the topic of 55 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Oppenheimer maintained shares on October 21 with “Outperform” rating. Mizuho downgraded shares to “Neutral” rating and $37 target share price in a report from an October 21. Cowen & Co maintained YHOO stock in a recent report from October 21 with “Market Perform” rating. RBC Capital Markets maintained the rating on October 21. RBC Capital Markets has a “Sector Perform” rating and a $42 price target on shares. Finally, Jefferies maintained the stock with “Buy” rating in a report issued on an October 21.
The stock increased 5.75% or $1.94 during the last trading session, striking $35.65. Approximately 56.58M shares of stock traded hands or 277.70% up from the average. Yahoo! Inc. (NASDAQ:YHOO) has declined 22.11% since April 29, 2015 and is downtrending. It has underperformed by 21.91% the S&P500.
Yahoo! Inc. is a technology company
According to Zacks Investment Research, “Yahoo! Inc. is a global Internet communications, commerce and media company that offers a comprehensive branded network of services. As one of the first online navigational guides to the World Wide Web, Yahoo! is one of the leading guides in terms of traffic, advertising, and household and business user reach. The company also provides online business and enterprise services designed to enhance the productivity and Web presence of Yahoo!’s clients.” Get a free copy of the Zacks research report on Yahoo! Inc. (YHOO).