Yahoo higher; Stifel hikes PT on account of Alibaba

Stifel's Jordan Rohan has hiked his Yahoo (YHOO +1.1%) PT to $49 from $40, citing (what else?) enthusiasm about Alibaba's (ABABA) pending IPO. Rohan thinks Alibaba's apparent decision to delay its IPO is a positive for Yahoo, since it allows the company to sell the 208M shares it's required to unload at IPO time in a tax-efficient manner.

BofA/Merrill has also released a bullish note on Yahoo; the firm's bull case valuation for Yahoo now stands at $58/share.

Last month, Citi and RBC respectively raised their Yahoo PTs to $46 and $44. RBC gave Alibaba a $150B valuation, and Yahoo's stake a $36B pre-tax valuation.

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Comments (5)
  • canb888
    , contributor
    Comments (675) | Send Message
    It seems like all upgrades on Yahoo are due to their ownership of Alibaba or Yahoo Japan, which were both investments made years ago, and not because of what the company or the CEO has done lately.
    3 Jan 2014, 01:12 PM Reply Like
  • Mario Squicciarini
    , contributor
    Comments (33) | Send Message
    This sounds eerily familiar...
    3 Jan 2014, 01:24 PM Reply Like
  • Chiipy-Nostradamus
    , contributor
    Comments (100) | Send Message
    YHOO is all, and only about Alibaba and to a lesser extent YHOO Japan. The Alibaba IPO push out is great news for YHOO stock. I'm looking foe this CEO to make a contribution of her own. Nothing she has done has contributed to YHOO stock price increase.
    3 Jan 2014, 09:56 PM Reply Like
  • ballerfacemcgee
    , contributor
    Comments (3) | Send Message
    Any news on when Alibaba's IPO will hit? I've heard rumors of Q1 2014. Due to my impatience, I would love for that to be true..
    6 Jan 2014, 06:52 AM Reply Like
  • Mario Squicciarini
    , contributor
    Comments (33) | Send Message
    Q1 2015 is more likely
    6 Jan 2014, 07:08 AM Reply Like
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