Yahoo! Inc. Shares: The Bullish Case

Yahoo! Inc.

Need a reason to go long on Yahoo! Inc. (NASDAQ:YHOO) shares which are trading in the low $17 range?  How about JP Morgan analyst Imran Khan's who thinks Yahoo! can get to $21 in the next year.

JP Morgan analyst Imran Khan's advice on YHOO is as follows -- In his 2010 Internet Sector Outlook, Imran set a $21/share price target for Yahoo -- up from today's $17 price.

yhooHere are his bulletpoints thanks to

    * Contrary to many investors’ beliefs, Yahoo! top properties are outgrowing the industry growth
    * Overall macro growth in Display Advertising
      should help Yahoo!
    * Search revenue share losses are less pronounced that market share declines
    * Margin improvement should drive EPS growth
    * We estimate that the value of the public Asian assets and cash balance is approximately $8 per
      share. (This does not include the value of Taobaoor Alipay)

Best of luck to those playing YHOO, the stock has been bouncing around for the last year, but it appears the worst it can get is $14 a share.  Place your bets!


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