Qihoo (QIHU) Confirms Cooperation With Google (GOOG)
Get Alerts QIHU Hot Sheet
Price: $76.92 --0%
Rating Summary:
11 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
Rating Summary:
11 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
Join SI Premium – FREE
Analysts at Jefferies recently met with mangers at Qihoo 360 Technology Co (NYSE: QIHU). According to statement made by Qihoo's chairman Hongyi Zhou and Co-CFO Alex Xu, Qihoo confirmed cooperation with Google (Nasdaq: GOOG).
The cooperation involves Google's ad system accessing into Qihoo search. Qihoo is also expanding its sales network. According to statements, management expects the two monetization models to co-exist for a long time.
Jefferies analyst Cynthia Meng said she expects search market share to expand gradually with the formalized cooperation with Google.
Jefferies reiterated a Buy rating on Qihoo 360 Technology and raised its price target to $38.00 (from $35.00).
For an analyst ratings summary and ratings history on Qihoo 360 Technology (NYSE: QIHU) click here. For more ratings news on Qihoo 360 Technology click here.
Shares of Qihoo 360 Technology closed at $31.83 yesterday.
The cooperation involves Google's ad system accessing into Qihoo search. Qihoo is also expanding its sales network. According to statements, management expects the two monetization models to co-exist for a long time.
Jefferies analyst Cynthia Meng said she expects search market share to expand gradually with the formalized cooperation with Google.
Jefferies reiterated a Buy rating on Qihoo 360 Technology and raised its price target to $38.00 (from $35.00).
For an analyst ratings summary and ratings history on Qihoo 360 Technology (NYSE: QIHU) click here. For more ratings news on Qihoo 360 Technology click here.
Shares of Qihoo 360 Technology closed at $31.83 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Rentokil Initial (RTO) PT Lowered to $35 at Oppenheimer
- Torrent Pharma (TRP:IN) PT Raised to INR2,960 at HSBC
- Cleveland Research Upgrades Dynatrace Inc. (DT) to Buy, 'optimism underlying fundamentals are likely to support upside'
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, Analyst PT ChangeRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!