Goldman Sachs Upgrades Youku.com (YOKU) to Buy
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Price: $27.54 --0%
Rating Summary:
5 Buy, 11 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 9 | New: 8
Rating Summary:
5 Buy, 11 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 9 | New: 8
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Goldman Sachs upgraded Youku.com (NYSE: YOKU) from Neutral to Buy with a $40 price target.
The firm said "rapid growth in TV and movie viewing online will drive a dramatic expansion in Youku’s revenue and margins, and that Youku will evolve into a clear category leader in China media."
Shares are also down 20% from recent highs, the firm notes.
Goldman now sees Youku turning profitable with $0.01 EPS in 2012.
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 $32.88 yesterday.
The firm said "rapid growth in TV and movie viewing online will drive a dramatic expansion in Youku’s revenue and margins, and that Youku will evolve into a clear category leader in China media."
Shares are also down 20% from recent highs, the firm notes.
Goldman now sees Youku turning profitable with $0.01 EPS in 2012.
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 $32.88 yesterday.
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