Yahoo! Inc. (YHOO) shares were 2% down in early trade Tuesday despite a Needham price hike on the stock to $55 from $48. In a note issued to investor this morning, the firm attributed the price increase on higher trading values for Alibaba (BABA) than previously expected. Yahoo shares recently fell 1.8% to $48.52.
On valuation measures, Yahoo Inc, currently valued at $47.39B, has a median Wall Street price target of $48.00 with a high target of $63.00. Approximately 3.27M shares have already changed hands, compared to the stock’s average daily volume of 35.67M.
In the past 52 weeks, shares of Sunnyvale, California-based web portal have traded between a low of $32.15 and a high of $49.41 with the 50-day MA and 200-day MA located at $42.15 and $37.73 levels, respectively. Additionally, shares of YHOO trade at a P/E ratio of 5.06 and have a Relative Strength Index (RSI) and MACD indicator of 73.12 and +2.73, respectively.
Yahoo is up more than 22% this year and has risen roughly 49% over the past 12 months.