Maxim Group Raises Youku.com to Buy (YOKU)
Youku.com (NASDAQ: YOKU) was upgraded by research analysts at Maxim Group from a “hold” rating to a “buy” rating in a report released on Monday. The firm currently has a $28.00 target price on the stock.
Shares of Youku.com traded down 0.25% during mid-day trading on Monday, hitting $23.51. Youku.com has a one year low of $13.76 and a one year high of $51.75. The company’s market cap is $2.696 billion.
Youku.com last issued its quarterly earnings data on Monday, March 12nd. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.05) by $0.02. The company’s quarterly revenue was up 112.6% on a year-over-year basis. On average, analysts predict that Youku.com will post $-0.12 earnings per share next quarter.
YOKU has been the subject of a number of other recent research reports. Analysts at ThinkEquity initiated coverage on shares of Youku.com in a research note to investors on Wednesday, May 9th. They set a “hold” rating on the stock. Analysts at Brean Murray reiterated a “hold” rating on shares of Youku.com in a research note to investors on Tuesday, March 13rd.
Youku.com Inc. is an Internet television company in People’s Republic of China. Its Internet television platform enables consumers to search, view and share video content quickly and easily across multiple devices.