Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Needham Keeps Buy on Yahoo

Yahoo (YHOO) reported second-quarter earnings per share of 13 cents, vs. 8 cents, on a 51% revenue rise. Needham maintains a buy rating on the stock's weakness.

Analyst Mark May tells Standard & Poor's MarketScope that second-quarter results were in line with his estimates; he believes fundamentals remain very strong. This morning the stock price is giving back gains it recorded over the last two weeks as bullish investors bet that the company would beat and raise estimates.

He says as investors realize Yahoo's superior position in the branded ad market and the company makes improvement in its search product, Yahoo will move higher in the second half of the year.

May trimmed his 57 cents 2005 EPS estimate to 56 cents, and maintains 77 cents 2006 estimate. He believes the sell-off in the stock is a buying opportunity. He has a $40 year-end price target.

blog comments powered by Disqus