Youku.com (NASDAQ: YOKU) had its price target decreased by Deutsche Bank from $29.56 to $26.20 in a research report sent to investors on Monday morning. The firm currently has a buy rating on the stock.
“In our view, 4Q results demonstrate the cost synergies from the Tudou merger and management’s cost-conscious approach after the merger. We expect this trend to continue for the rest of 2013. However, the mid-point of 1Q revenue guidance missed our/consensus estimates by 10%/9%. The weak 1Q guidance is likely to lead to a stock price pull-back near term, but we believe this is likely to be a one-off and company-specific, given healthy market growth, intact core attributes and a favorable regulatory environment; Buy on weakness.,” the firm’s analyst wrote.
YOKU has been the subject of a number of other recent research reports. Analysts at Nomura cut their price target on shares of Youku.com from $40.00 to $38.00 in a research note to investors on Friday, March 1st. They now have a buy rating on the stock. Separately, analysts at Goldman Sachs reiterated a buy rating on shares of Youku.com in a research note to investors on Friday, March 1st. Finally, analysts at Piper Jaffray initiated coverage on shares of Youku.com in a research note to investors on Friday, March 1st. They set a neutral rating and a $16.00 price target on the stock.
Shares of Youku.com traded down 5.64% during mid-day trading on Monday, hitting $18.22. Youku.com has a 52 week low of $13.82 and a 52 week high of $32.75. The stock’s 50-day moving average is currently $21.64. The company’s market cap is $2.979 billion.
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