Mizuho Securities Remains Sidelined on Yahoo! (YHOO) Following 2Q Report

Mizuho Securities reiterated a Neutral rating and $38.00 price target on Yahoo! (NASDAQ: YHOO) following the company's 2Q earnings report. Yahoo reported 2Q net revenue of $841m, in line with the Street's expectations. Non-GAAP EPS of $0.09 was a penny below the Street's $0.10.

Analyst Neil Doshi commented, "We maintain our Neutral rating on Yahoo shares after in-line net revenue and lower EPS. We remain concerned about the health of the core business -- Yahoo's primary growth engine, Mavens, actually declined 4% YoY on weakness in network video, some pressure on mobile, and continued struggles in search. Despite a looming possible transaction, we believe that the core Yahoo business remains fully valued at currently levels."

For an analyst ratings summary and ratings history on Yahoo! click here. For more ratings news on Yahoo! click here.

Shares of Yahoo! closed at $37.95 yesterday.

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• Southern Co. (SO) PT Lowered to $99 at Jefferies
• Taysha Gene Therapies (TSHA) PT Raised to $10 at BofA Securities