(Reuters) – Google Inc’s disappointing first-quarter results left Wall Street unfazed about the internet giant’s ability to come to grips with a shift to the fast-growing mobile advertising market.
Google shares were down 2 percent in premarket trading on Thursday and at least 12 brokerages cut their target price on the stock.
April 16 (Reuters) – Yahoo Inc’s shares rose as
much as 9 percent in heavy trading on Wednesday, a day after
Chinese internet company Alibaba Group Holding Ltd (IPO-ALIB.N: Quote, Profile, Research, Stock Buzz),
in which it holds a 24 percent stake, reported a surge in
At least nine brokerages raised their price targets on
Yahoo’s shares ahead of Alibaba’s IPO filing, expected next
(Reuters) – Alibaba Group Holding Ltd’s surprise surge in revenue and its upcoming IPO present a great opportunity for investors to load up on Yahoo Inc’s shares, analysts said.
The Chinese internet company’s revenue jumped 66 percent in its fourth quarter, dwarfing Yahoo’s anemic results on Tuesday.