Gabelli Maintains a 'Buy' on Yahoo! (YHOO); At This Price, A Lot Is Basically Free

July 18, 2012 10:10 AM EDT
Get Alerts YHOO Hot Sheet
Price: $42.05 -0.1%

Rating Summary:
    20 Buy, 26 Hold, 5 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Gabelli maintains a 'Buy' on Yahoo! (NASDAQ: YHOO).

Analyst, Brett Harriss, said, "On July 17, 2012, Yahoo! announced Q2 earnings broadly in line with expectations. This follows the July 16 appointment of Marissa Mayer to the CEO position...We estimate a 2013P PMV of $31 per share based on our sum-of-the-part analysis. We believe a completion of the announced Alibaba Group transaction and continued share repurchases will act as near-term catalysts. We also believe continued value creation at Alibaba Group, Y!J and will drive share appreciation. At current prices, we estimate investors receive the core US business,, and its $1.6 billion in EBITDA for free."

For an analyst ratings summary and ratings history on Yahoo! click here. For more ratings news on Yahoo! click here.

Shares of Yahoo! closed at $15.60 yesterday.

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