Goldman Sachs Adds Youku.com (YOKU) to Conviction Buy List
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Price: $19.10 -9.39%
Rating Summary:
10 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
10 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade YOKU Now!
Goldman Sachs added Youku.com (NYSE: YOKU) to its Conviction Buy with a price target of $44, saying cost visibility under-appreciated.
The firm said they remain optimistic about the company's revenue opportunity and growth outlook.
"The stock has been battered by concerns over competition and generally lower risk appetites for currently unprofitable companies, but we believe current levels represent attractive entry opportunities for investors willing to take a 12- month view on the stock," the analyst said.
The firm said rapid cost inflation and the low likelihood of market consolidation is unlikely to derail Youku's path to profitability in 2H12, barring a more severe-than forecasted deceleration in revenue growth.
For more ratings news on Youku.com click here and for the rating history of Youku.com click here.
Shares of Youku.com closed at $19.47 yesterday, with a 52 week range of $13.76-$69.95.
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The firm said they remain optimistic about the company's revenue opportunity and growth outlook.
"The stock has been battered by concerns over competition and generally lower risk appetites for currently unprofitable companies, but we believe current levels represent attractive entry opportunities for investors willing to take a 12- month view on the stock," the analyst said.
The firm said rapid cost inflation and the low likelihood of market consolidation is unlikely to derail Youku's path to profitability in 2H12, barring a more severe-than forecasted deceleration in revenue growth.
For more ratings news on Youku.com click here and for the rating history of Youku.com click here.
Shares of Youku.com closed at $19.47 yesterday, with a 52 week range of $13.76-$69.95.
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