Analysts: Buy Yahoo on Alibaba IPO Potential and 3 Other Research Notes to Peruse
Yahoo (NASDAQ:YHOO): Stifel raised its target on Yahoo to $41 from $33 to reflect updates in the valuation of the company’s Alibaba stake as the latter prepares to launch a U.S. IPO. The firm believes that Yahoo could distribute its Alibaba stake to Yahoo shareholders tax efficiently. Such a development would lead Stifel to increase its Yahoo price target by another $7. Stifel recommends buying Yahoo’s stock.