Data Shows Positive Inflection in Yahoo (YHOO) Traffic Growth

May 30, 2013 12:41 PM EDT
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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.

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