Deutsche Bank Believes YNDX Won’t Stop Here

By George MacDonald

Deutsche Bank analyst Lloyd Walmsley reiterated a Buy rating on Yandex NV (NASDAQ: YNDX) on June 13 and set a price target of $22. The company’s shares closed yesterday at $21.11, close to its 52-week high of $23.20.

According to TipRanks.com, Walmsley is a 5-star analyst with an average return of 12.8% and a 57.3% success rate. Walmsley covers the Technology sector, focusing on stocks such as Kayak Software Corp, Angie’s List Inc., and TripAdvisor Inc.

Yandex NV has an analyst consensus of Strong Buy, with a price target consensus of $20.63

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Based on Yandex NV`s latest earnings report from December 31, the company posted quarterly revenue of $180.4M and quarterly net profit of $28.01M. In comparison, last year the company earned revenue of $214.2M and had a net profit of $36.92M.

Yandex NV operates as an investment holding company with interest in providing internet search engine services. It develops search technology and information retrieval services in applied mathematics and data analysis for Internet users. The company was founded by Elena Kolmanovskaya, Ilya Segalovich and Arkady Volozh in 2000 and is headquartered in Amsterdam, the Netherlands.