In the recent trading highlight, analysts have given updates on the estimates made for both Yahoo! Inc. (NASDAQ:YHOO) and Facebook, Inc. (NASDAQ:FB). 24 analysts have estimated the short-term price target $52.04 for Yahoo Inc. (NASDAQ:YHOO). The standard deviation from the mean estimate is expected to be around $5.3. The high and low price target estimate as per the analysts has been recorded at $62 and $42 respectively.
The rating of 3 received by the analysts has given the firm a hold rating for the stocks. Tuesday was an exceptionally good trading day for the company where the stocks rose by 0.37 points i.e. 1%. The firm opened at $37.32 on Tuesday, and went on to achieve a high of $37.71 before closing at $37.56. The market capitalization for the company has been recorded at $35.2 Bn.
Stocks for social networking companies are definitely soaring high. Facebook is a definite leader in this sector with the stocks and analysts both acting bullish and giving it a definite edge in the stock markets. As investors were unable to handle the increased spends in Facebook, they missed out on the consensus estimate made by analysts.
Facebook opened at $95.25 on Wednesday as the trading began. It went on to achieve a high on $97.09 during the intraday trading. Currently the stocks are trading at $96.32.
The market cap for the company has been recorded at $272.6B, and the P/E ratio yielded by the company has been recorded at 101.6
The stocks have been under pressure since the announcement of the Q2 results for this firm. The market value for the company has surged by $50 Bn in the past few months. Analysts have been constantly updating the figures for the two companies. One because of the volatile stock market and second because of the changing dimension of the tech sector.
