Goldman Sachs Maintains Buy on Youku Tudou (YOKU)

March 1, 2013 12:50 PM EST
Get Alerts YOKU Hot Sheet
Price: $27.54 --0%

Rating Summary:
    6 Buy, 11 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 29 | Down: 30 | New: 23
Trade YOKU Now!
Join SI Premium – FREE
Goldman Sachs today maintained a Buy rating on Youku Tudou Inc. (NYSE: YOKU) with a modified price target of $20.00 (from $23.00). The stock declined yesterday after the company reported disappointed guidance.

Commenting on the news, analyst Piyush Mubayi said "While the lower than expected guidance does not change our bullish stance on the industry outlook, we recognize that YOKU's upcoming breakeven requires management to combine cost synergies with sustained revenue growth."

Mubayi added that he expects the the negative integration issues will fade away in the next two quarters.

For an analyst ratings summary and ratings history on (NYSE: YOKU) click here. For more ratings news on click here.

Shares of closed at $20.39 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change

Add Your Comment