Yahoo Inc. is a worldwide technology company based in Sunnyvale, California. In a research note on Tuesday, analysts at Japanese financial holding company, Nomura reduced their price target on Yahoo stock to $55 from previous $62, which specifies an upside of 23% from previous closing price. Yahoo currently holds a "BUY" rating.
There are many other research firms covering stock of Yahoo Inc. which have issued reports lately. B. Riley Diversified Equity analysts reiterated a rating of Buy and assigned a target price of $59 to the stock on Monday February 2nd research note. Evercore ISI investment bank analysts raised its rating on Yahoo stock to a "Buy" from "Hold". However, it decreased its target price on yahoo stock to $55 from previous $55 on Friday January 30th research note. Bank of America analysts raised their target price to $66 on Yahoo stock on Thursday 29th January. Lastly JP Morgan raised its target price to $58 form prior target of $55 and rated company an "overweight" on Wednesday, 28th January.
Out of 39 research analysts having coverage on Yahoo Inc. stock, 14 have issued the stock a Hold rating, while 25 have rated the stock as Buy. The stock has an consensus rating of Buy and 12-month mean target price of $55.22.
The company reported its last quarter earnings on Tuesday January 27th. For the fourth quarter, the Company had earnings of 30 cents per share more than analyst's prediction of 29 cents. Yahoo posted revenue of $1.18 billion less than analysts forecast of $1.19 billion. During the similar quarter the prior year, the company had an EPS of 46 cents. Overall, analysts believe that for the fiscal year 2015 Yahoo will be able to report earnings of 90 cents per share.
During the Thursday trading session Yahoo Inc. stock witnessed a slight increase, but Yahoo's shareholder should not expect anything big this year. While according to Yahoo, the coming year can be a top year for company's investors as it has planned to return $50 billion to the shareholders.
Yahoo Inc. stock rose by 0.05% and stood at $44.45 at market closed on Thursday February 26th, with 30-days moving average volume of 21.14 million shares. The American multinational Internet Corporation has a 52 week low of $ 32.15 and a 52 week high of $52.62, with market cap of $42.11 billion and P/E ratio of 5.81.