Through The Fly's Eyes: Yahoo!
from Theflyonthewall.com
Analysts Beginning To Increase Estimates
Bear Stearns increased revenue and earnings for Yahoo (YHOO) yesterday, citing signs the Panama platform is seeing some uptake. Bear increased first quarter EPS by $0.01 and its full year EPS by $0.03 to $0.54. And raised its target price to $35 up from $32.
Jefferies was more cautious writing Yahoo's results for the 1st quarter to be in-line to slightly better. Which is pretty good for Yahoo after big revenue and earnings misses last year. Jefferies has a $38 price target.
We blogged back in January it was worth chipping away at Yahoo's stock as it was a good risk-reward bet -- if Project Panama worked, the stock would take off; and if if didn't, Yahoo's CEO, Terry Semel, would most likely be fired. Which would also drive the stock higher. It appears project Panama is doing OK. Stay with the stock, there is more upside to come.
posted by Eric at
8:52 AM
1 Comments:
I like yahoo too. People that use both yahoo and google, typically spend more time on yahoo using their variety of services.
Also, take a look at fc stone today. Here's my blog back from April 1st about it.
FC Stone info from last week
By
Jason, at 2:23 PM
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