Goldman Sachs Adds Youku.com (YOKU) to Conviction Buy List
Tweet
Share
E-mail
Get Alerts YOKU Hot Sheet
Price: $27.54 --0%
Rating Summary:
5 Buy, 11 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
5 Buy, 11 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
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.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Freedom Broker Upgrades Walmart (WMT) to Buy
- BofA Securities Upgrades Etsy (ETSY) to Buy, 'Still Room to Run'
- BNP Paribas Exane Upgrades Pony AI Inc (PONY) to Outperform
Create E-mail Alert Related Categories
Hot Upgrades, UpgradesRelated Entities
Goldman Sachs Conviction Buy List, Goldman SachsSign 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!
