Analyst 'Cautiously Positive' on Sohu (SOHU) as Shares Continue Lower
Get Alerts SOHU Hot Sheet
Price: $13.70 -0.44%
Rating Summary:
8 Buy, 10 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 21 | New: 8
Rating Summary:
8 Buy, 10 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 21 | New: 8
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While analysts at Susquehanna and RBS downgraded shares of Sohu.com (Nasdaq: SOHU) Tuesday following Monday's fourth-quarter results and guidance and the resulting 15 percent decline, Nomura's Jin Yoon is "cautiously positive" on the name. The downgrades seem to be weighing on bulls Tuesday afternoon, however: shares last traded at $51.76, down 3 percent for the session.
Yoon reiterated a previous assumption that online videos are continuing to cannibalize display ads and, consequently, tighten margins. The analyst insists the company's branded-ad unit depends on a strong online video market.
Nomura maintains a Neutral rating and $60 price target on Sohu.com shares.
Yoon reiterated a previous assumption that online videos are continuing to cannibalize display ads and, consequently, tighten margins. The analyst insists the company's branded-ad unit depends on a strong online video market.
Nomura maintains a Neutral rating and $60 price target on Sohu.com shares.
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