Needham & Company Maintains a 'Buy' on Yahoo! (NASDAQ: YHOO); CEO No. 3 in 2012 - Investment Implications
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Price: $26.54 -1.7%
Rating Summary:
14 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 8
Rating Summary:
14 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 8
Trade YHOO Now!
Needham & Company maintains a 'Buy' on Yahoo! (NASDAQ: YHOO) price target of $19.00.
Analyst, Laura Martin, said, "We see Ms. Mayer’s appointment as a clear message from the Board that her background in product is more likely to generate long-term revenue growth than a content focus. This is the third time that the YHOO Board has made a choice that suggests that content is not a long-term solution to YHOO’s problems. The Board’s last several CEO appointments -- Marissa Mayer (from Google (Nasdaq: GOOG)), Scott Thompson (from PayPal (eBay (Nasdaq: EBAY)(Buy) and Carol Bartz (from Autodesk (Nasdaq: ADSK)) -- all had more technology in their background than content and advertising."
Some investment implications: 1) If Ross Levinson (interim CEO) stays on board at YHOO, this would be a positive; 2) New Board expected to make decisions to benefit shareholders; 3) Continued cost cutting; 4) Headline risk is mostly to the upside with potential divestitures, new products etc.
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 $15.65 yesterday, with a 52 week range of $11.09-$16.79.
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Analyst, Laura Martin, said, "We see Ms. Mayer’s appointment as a clear message from the Board that her background in product is more likely to generate long-term revenue growth than a content focus. This is the third time that the YHOO Board has made a choice that suggests that content is not a long-term solution to YHOO’s problems. The Board’s last several CEO appointments -- Marissa Mayer (from Google (Nasdaq: GOOG)), Scott Thompson (from PayPal (eBay (Nasdaq: EBAY)(Buy) and Carol Bartz (from Autodesk (Nasdaq: ADSK)) -- all had more technology in their background than content and advertising."
Some investment implications: 1) If Ross Levinson (interim CEO) stays on board at YHOO, this would be a positive; 2) New Board expected to make decisions to benefit shareholders; 3) Continued cost cutting; 4) Headline risk is mostly to the upside with potential divestitures, new products etc.
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 $15.65 yesterday, with a 52 week range of $11.09-$16.79.
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Needham & Company, Carol Bartz
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