Android app on Google Play

Data Shows Positive Inflection in Yahoo (YHOO) Traffic Growth

May 30, 2013 12:41 PM EDT Send to a Friend
Get Alerts YHOO Hot Sheet
Price: $38.65 --0%

Rating Summary:
    17 Buy, 22 Hold, 4 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 9 | Down: 20 | New: 33
Trade YHOO Now!
Join SI Premium – FREE
Goldman Sachs today maintained an Conviction Buy rating on Yahoo! (NASDAQ: YHOO) with a price target of $30.00. Analyst Heath P. Terry said the latest data from comScore showed a positive inflection point in traffic growth.

"During April, page views were up 2.1% yoy (vs. -4.4% in March and -15.0% in February) and total minutes were up 3.8% (vs. -3.0% in March and -10.2% in February). While comScore is at best a rough indicator of trends in the business, this traffic data would suggest less of a headwind from declining engagement versus prior quarters," said Terry.

For an analyst ratings summary and ratings history on Yahoo! (NASDAQ: YHOO) click here. For more ratings news on Yahoo! click here.

Shares of Yahoo! closed at $25.81 yesterday.

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS View

Related Entities

Goldman Sachs Conviction Buy List

Add Your Comment