Goldman Sachs Bumps Price Target On Yandex (YNDX)

July 29, 2011 8:41 AM EDT
Get Alerts YNDX Hot Sheet
Price: $18.94 --0%

Rating Summary:
    19 Buy, 2 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 15 | Down: 12 | New: 12
Join SI Premium – FREE
Goldman Sachs slightly raised its price target on Yandex (NASDAQ: YNDX) from $36.10 to $36.80 following Q2 results.

The firm noted that Q2 results were slightly above their expectations on revenues but slightly below on EBITDA due to an accelerated headcount increase and bigger contribution of advertising network revenues.

For more ratings news on Yandex click here and for the rating history of Yandex click here.

Shares of Yandex closed at $37.74 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments

Related Entities

Goldman Sachs