Yahoo Sees Price Target Raised at Goldman and 2 Other Hot Stocks to Watch
Yahoo! (NASDAQ:YHOO): Current price $26.74
On Tuesday, Goldman Sachs (NYSE:GS) upped Yahoo’s price target from $27 to $30. Analyst Heath Terry wrote that the move was thanks to a rise in estimated value for Alibaba from $35 billion to $70 billion, as Yahoo Japan shares build value and growth continues to quicken. Further, Goldman Sachs kept Yahoo on its Americas Conviction Buy List.
Take-Two Interactive Software (NASDAQ:TTWO): Current price $17.11
Monday’s Fiscal fourth quarter results that surpassed analyst earnings and sales estimates, had shares up by almost 5 percent in early trading Tuesday. Take-Two reported late Monday that it swung to earnings per share of 38 cents minus items, compared year-over-year to a loss of 60 cents in 201, the former 15 cents above analyst views. Non-GAAP sales skyrocketed by 105 percent to $303.1 million, while analysts polled by Thomson Reuters had anticipated $280.1 million.
Dell (NASDAQ:DELL): Current price $13.45
Sources have told CNBC that Dell’s earnings will to come in below Wall Street’s expectations. On Tuesday, the firm said that it will move up its earnings announcement to Thursday from Tuesday. The sources added that Dell’s earnings trend now implies annual operating income well under $3 billion.
Don’t Miss: Is Amazon Developing a 3D Smartphone?