Altaba Inc (AABA) Receives Average Rating of “Buy” from Analysts
Altaba Inc (NASDAQ:AABA) has earned a consensus rating of “Buy” from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $93.42.
Several brokerages recently weighed in on AABA. BidaskClub upgraded shares of Altaba from a “sell” rating to a “hold” rating in a research report on Wednesday, January 9th. JPMorgan Chase & Co. cut their price objective on shares of Altaba to $80.00 and set an “overweight” rating on the stock in a research report on Monday, November 5th.
Shares of NASDAQ:AABA opened at $68.50 on Tuesday. Altaba has a fifty-two week low of $54.75 and a fifty-two week high of $82.45.
Altaba Company Profile
Altaba Inc operates as a non-diversified, closed-end management investment company in the United States. Its assets consist primarily of equity investments, short-term debt investments, and cash. The company was formerly known as Yahoo! Inc and changed its name to Altaba Inc in June 2017. Altaba Inc was founded in 1994 and is based in New York, New York.
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