Yahoo’s stock rose by a significant amount as an analyst rated it “market outperform,” up from “market perform.”
The man responsible for this change is Sameet Sinha of JMP Securities, and he attributed the move to Yahoo’s relationship with Microsoft. Sinha hinted that other experts would think better of the company since more financial models incorporate the deal.
Sinha set a price target of $21. Since Yahoo’s stock hasn’t been high since July 2008, this is a significant level. Yahoo’s current stock has been on the move. It rose 2.86 percent during the trading day, where it went up from $16.06 to $16.52
Google’s shareholders lost a small amount while its stock decreased 0.31 percent and Microsoft’s shareholders made an even smaller amount when its stock rose 0.15 percent.