Goldman Sachs Boosts Numbers on Yandex (YNDX)

March 26, 2012 6:58 AM EDT
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Price: $18.94 --0%

Rating Summary:
    19 Buy, 2 Hold, 0 Sell

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    Up: 13 | Down: 14 | New: 11
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Goldman Sachs raised estimates and its price target on Buy-rated Yandex (NASDAQ: YNDX) from $29.60 to $32.40 citing a strong start to the year for the internet advertising market. The firm rolled forward valuation for Yandex to 2013E PEG and earnings.

The firm increased 2012 revenue estimate by 0.4% to reflect strong market trends.

For an analyst ratings summary and ratings history on Yandex click here. For more ratings news on Yandex click here.

Shares of Yandex closed at $24.01 yesterday.


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