Yahoo! Given a $18.00 Price Target by Oppenheimer Analysts (YHOO)

Research analysts at Oppenheimer (NYSE: OPY) set a $18.00 target price on shares of Yahoo! (NASDAQ: YHOO) stock in a report released on Monday.

Shares of Yahoo! opened at 15.58 on Monday. Yahoo! has a 52 week low of $11.09 and a 52 week high of $18.84. The company has a market cap of $19.109 billion and a P/E ratio of 17.77.

Yahoo! last announced its earnings results on Tuesday, April 17th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.17 by $0.06. The company’s quarterly revenue was up 1.2% on a year-over-year basis. On average, analysts predict that Yahoo! will post $0.24 earnings per share next quarter.

Several other analysts have also recently commented on the stock. Analysts at Piper Jaffray (NYSE: PJC) reiterated an “overweight” rating on shares of Yahoo! in a research note to investors on Monday. They now have a $18.00 price target on the stock. Separately, analysts at Nomura (NYSE: NMR) reiterated a “neutral” rating on shares of Yahoo! in a research note to investors on Monday, May 14th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Yahoo! in a research note to investors on Monday, May 7th. They now have a $16.00 price target on the stock.

Yahoo! Inc. (Yahoo!) is a digital media company. Through the Company’s technology and insights, Yahoo! delivers digital content and experiences, across devices and globally.

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