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Tuesday, May 21
Oppenheimer raises estimates for Yahoo (YHOO +1.5%) and lifts its PT to $30, and BMO raises its...
Oppenheimer raises estimates for Yahoo (YHOO +1.5%) and lifts its PT to $30, and BMO raises its PT to $27. Both cite Alibaba IPO expectations - Oppenheimer previously gave Alibaba a $77B valuation. Also, on the Yahoo/Tumblr front: 1) Marissa Mayer says Tumblr could see premium ads and retargeted ads (i.e. ads based on browsing activity on other sites). 2) A source tells Valleywag Tumblr's 2012 revenue was under $5M, below prior reports of $13M. 3) Instapaper developer/early Tumblr employee Marco Arment provides high praise for Tumblr CEO David Karp. "I’ve only seen one other 'product person' as good as David, and that was Steve Jobs." (previous)