Yahoo! (AABA) Earns News Impact Rating of 0.07

Headlines about Yahoo! (NASDAQ:AABA) have been trending somewhat positive on Friday, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Yahoo! earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.3996858777473 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

A number of analysts have weighed in on AABA shares. MKM Partners upped their target price on Yahoo! from $62.00 to $76.00 and gave the stock a “buy” rating in a report on Sunday, September 3rd. UBS AG restated a “buy” rating on shares of Yahoo! in a report on Monday, July 17th. Zacks Investment Research raised Yahoo! from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research report on Wednesday, July 12th. Finally, Oppenheimer Holdings, Inc. initiated coverage on Yahoo! in a research report on Thursday, July 6th. They set an “outperform” rating and a $75.00 price target on the stock. Twelve investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $52.75.

Yahoo! declared that its Board of Directors has initiated a share repurchase program on Monday, July 31st that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 8.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

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Yahoo! Company Profile

Altaba Inc (the Fund), formerly Yahoo! Inc, is a non-diversified, closed-end management investment company. The Fund seeks to track the combined investment return of the Alibaba Shares and the Yahoo Japan Shares it owns. Alibaba Shares represent an approximate 15% equity interest in Alibaba Group Holding Limited (Alibaba), and its Yahoo Japan Corporation ((Yahoo Japa) Shares represent an approximate 36% equity interest in Yahoo Japan.

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