Credit Suisse Starts Yandex (YNDX) at Outperform
Get Alerts YNDX Hot Sheet
Price: $18.94 --0%
Rating Summary:
19 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
19 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Credit Suisse initiates coverage on Yandex (NASDAQ: YNDX) with a Outperform rating and a price target of $26.00.
Analyst Olga Bystrova said the company's position in key segments is strong and they are optimistic the company can execute. Despite weak margins, they forecast 3-5 year EBITDA CAGR of over 20%.
The analyst also initiated Mail.Ru at Underperform with a $15 price target.
For an analyst ratings summary and ratings history on Yandex click here. For more ratings news on Yandex click here.
Shares of Yandex closed at $20.35 yesterday.
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