Yahoo! Receives a Buy from Oppenheimer

By Carrie Williams

Oppenheimer analyst Jason Helfstein reiterated a Buy rating on Yahoo! (NASDAQ: YHOO) today and set a price target of $57. The company’s shares closed yesterday at $47.56.

Helfstein observed:

“Yahoo reported 1Q:17 earnings after the close, noting “the company anticipates the [transaction] closing to occur in June 2017.” This is consistent with management’s previous expectations, as communicated in the 4Q:16 earnings letter. We are not revising the calculation of our SOTP (YJ taxed at 38%, BABA un-taxed and 15% holding company discount); however, the appreciation in BABA shares increases our price target from $52 to $57.”

According to, Helfstein is a 5-star analyst with an average return of 8.8% and a 57.2% success rate. Helfstein covers the Technology sector, focusing on stocks such as Endurance International, Interxion Holding NV, and IAC/InterActiveCorp.

Currently, the analyst consensus on Yahoo! is Moderate Buy and the average price target is $49, representing a 3.0% upside.

In a report released yesterday, Cantor Fitzgerald also reiterated a Buy rating on the stock with a $53 price target.

Based on the recent corporate insider activity of 178 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of YHOO in relation to earlier this year.

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Yahoo!, Inc. operates as a digital media company that is focused on informing, connecting, and entertaining users through research, communications, and digital content products. It operates through the following geographical segments: Americas; Europe, Middle East, and Africa (EMEA); and Asia Pacific. The company was founded by Jerry Chih-Yuan Yang and David Filo in January 1994 and is headquartered in Sunnyvale, CA.