Yahoo! (YHOO) Target Lifted to $59 at Evercore ISI

Evercore ISI Upgrades Yahoo! (YHOO) to Buy Amid Larger Alibaba Spread

January 30, 2015 6:34 AM EST

Evercore ISI upgraded Yahoo! (NASDAQ: YHOO) from Hold to Buy with a price target of $55.00 (from $59.00) citing the wider Alibaba spread.

Analyst Ken Sena commented, "On BABA's December-ending earnings results and our lowering of its target price to $115 (from $130), we are running the valuation adjustment through to our YHOO valuation as well, given that its 15.4% ownership stake in BABA represents the majority (or perhaps all) of Yahoo!'s market value. Essentially, the comparison of value between BABA ADRs and YHOO's ownership is sufficiently wide to argue recommending YHOO shares as alternate... More

Yahoo! (YHOO) PT Raised to $66 at BofA/Merrill Lynch; Alibaba Provides Upside Still

January 29, 2015 6:41 AM EST

BofA/Merrill Lynch analyst Justin Post reiterated a Buy rating and bumped his price target on Yahoo! (NASDAQ: YHOO) to $66.00 (from $63.00) saying the Alibaba spin-off still leaves upside.

Post notes using analyst Eddie Leung's $132 price target on Alibaba, a 12% discount, and other... More

Yahoo! (YHOO) PT Raised to $69 at Credit Suisse

January 28, 2015 8:55 AM EST

Credit Suisse analyst S. Ju raised his price target on Yahoo! (NASDAQ: YHOO) to $69.00 (from $54.00) following Q4 results and plan for a tax-free spin of its Alibaba stake, but maintained a Neutral rating on the stock.

The firm updated revenue and Adj. EPS... More

Cowen Boosts PT on Yahoo! (YHOO) to $60; Disappointing Q1 Outlook Overshadowed by Alibaba Stake Spin

January 28, 2015 7:50 AM EST

Cowen and Company is boosting its price target on Yahoo! (Nasdaq: YHOO) from $38 up to $60 following Q4 results and plan for a tax-free spin of its Alibaba stake.

Analyst John Blackledge noted that Q4 results were flat with views and Q1 guidance was lower... More

Yahoo! (YHOO) Price Target Lifted to $61 at Jefferies

January 28, 2015 6:52 AM EST

Jefferies US Internet Team reiterated a Buy rating and boosted its price target on Yahoo! (NASDAQ: YHOO) to $61.00 (from $53.00) following plan for the remaining BABA shares to be spun-off in a tax-free transaction.

"We believe a tax-efficient transaction provides ~30% upside from here,... More

Yahoo! (YHOO) Target Lifted to $58 at FBR Capital

January 28, 2015 6:28 AM EST

FBR Capital analyst William Bird reiterated an Outperform rating and boosted his price target on Yahoo! (NASDAQ: YHOO) to $58.00 (from $56.00) after earnings and news of a tax-free spin-off of its remaining stake in Alibaba Group.

Yahoo delivered on its key value driver,... More

Yahoo! (YHOO) Guides Q1 adj.-Revenue Below Expectations

January 27, 2015 4:20 PM EST

Yahoo! (NASDAQ: YHOO) sees Q1 revs of $1.02 - $1.06 billion, ex TAC. The Street is at $1.10 billion.

Adjusted EBITDA is expected at $200 - $240 million.

... More

Yahoo! (YHOO) Plans Tax-Free Spin of Remaining Alibaba (BABA) Stake

January 27, 2015 4:07 PM EST

Yahoo! Inc. (Nasdaq: YHOO) announced management has recommended and the Board of Directors has authorized a plan for a tax-free spin-off of the companys remaining holdings in Alibaba Group (NYSE: BABA) into a newly formed independent registered investment company (SpinCo). The stock of the new company will be distributed pro rata to Yahoo shareholders, resulting in SpinCo becoming a separate publicly traded company.

Following the spin-off, Yahoo will continue to operate its core business... More

Yahoo! (YHOO) Tops Q4 EPS by 1c

January 27, 2015 4:06 PM EST

Yahoo! (NASDAQ: YHOO) reported Q4 EPS of $0.30, $0.01 better than the analyst estimate of $0.29. Revenue for the quarter came in at $1.18 billion versus the consensus estimate of $1.19 billion.

Reported Revenues:

Search:

GAAP search revenue was $467 million for the fourth quarter, an increase of 1 percent compared to the fourth quarter of 2013. GAAP search revenue was $1,793 million for the full year of 2014,... More