Goldman Sachs Maintains Buy on Yahoo (YHOO)

July 9, 2013 11:14 AM EDT
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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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Goldman Sachs today maintained a Buy rating on Yahoo! (NASDAQ: YHOO) with a price target of $30.00. Yahoo! reports earnings after the close on July 16th. Analyst Heath P. Terry expects in-line results.

"We expect net revenues of $1,079 mn, largely in-line with consensus of $1,082 mn and near the mid-point of company's guidance range of $1,060 mn to $1,090 mn. Our checks suggest that the ongoing pricing pressure across the display market has been offset by modest growth in inventory and further improvement in revenue per search. We estimate adjusted EBITDA of $376 mn, above consensus of $369 mn and the guidance range of $350 mn to $370 mn on additional reductions in costs," said Terry.

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 $25.53 yesterday.

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