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A statement released earlier today by Mizuho Securities about Yahoo! (NASDAQ:YHOO) raises the target price to $42.00

Yahoo! (NASDAQ:YHOO) had its target price raised to $42.00 by Mizuho Securities in a report released Wednesday October 19, 2016. The new target price indicates a possible upside of 0.01% based on the company's last closing price.

Yesterday Yahoo! (NASDAQ:YHOO) traded 2.83% higher at $41.68. The company’s 50-day moving average is $43.14 and its 200-day moving average is $39.30. The last closing price is up 9.07% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 2,319,379 shares of the stock were exchanged, down from an average trading volume of 11,370,500

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Yahoo! has a 52 week low of $26.15 and a 52 week high of $44.92 The company’s market cap is currently $0.

In addition to Mizuho Securities reporting its target price, a total of 33 brokers have issued a report on the stock. The consensus target price is $38.85 with 6 brokers rating the stock a strong buy, 15 brokers rating the stock a buy, 18 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Yahoo! (NASDAQ:YHOO)

Yahoo! Inc. (Yahoo), along with its subsidiaries, is engaged in digital information discovery. The Company's segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia Pacific. The Company focuses on informing, connecting and entertaining its users with its search (Yahoo search), communications, including Yahoo Mail and Yahoo Messenger, and digital content products, including Tumblr, and its four verticals, such as Yahoo News, Yahoo Sports, Yahoo Finance and Yahoo Lifestyle. Yahoo Search is a search engine that serves as a guide for users to discover the information on the Internet. Yahoo Mail connects users to the people and things across mobile and desktop. Yahoo Messenger is an instant messaging service that provides an interactive and personalized way for users to connect and communicate in real-time. The Company's Digital Content offerings include Tumblr, its social platform, and its four verticals, including News, Sports, Finance and Lifestyle.

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