BidaskClub downgraded shares of Altaba (NASDAQ:AABA) from a strong-buy rating to a buy rating in a report issued on Monday morning.
Several other analysts also recently weighed in on AABA. Credit Suisse Group lifted their price target on shares of Altaba from $76.00 to $88.00 in a research note on Friday, June 8th. JPMorgan Chase & Co. boosted their price objective on shares of Altaba from $90.00 to $91.00 and gave the stock an overweight rating in a research note on Friday, June 1st. UBS Group reissued a buy rating and issued a $98.00 price objective (up previously from $92.00) on shares of Altaba in a research note on Thursday, February 22nd. ValuEngine raised shares of Altaba from a hold rating to a buy rating in a research note on Wednesday, May 2nd. Finally, Vetr raised shares of Altaba from a hold rating to a buy rating and set a $81.50 price objective for the company in a research note on Tuesday, February 20th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Altaba has an average rating of Buy and a consensus target price of $87.06.
Altaba opened at $81.61 on Monday, MarketBeat reports. Altaba has a fifty-two week low of $53.13 and a fifty-two week high of $82.45. The company has a market cap of $71.15 billion, a PE ratio of 325.84 and a beta of 1.97.
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.
Receive News & Ratings for Altaba Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altaba and related companies with MarketBeat.com's FREE daily email newsletter.