At The Motley Fool, we poke plenty of fun at Wall Street analysts and their endless cycle of upgrades, downgrades, and "initiating coverage at neutral." Today, we'll show you whether those bigwigs actually know what they're talking about. To help, we've enlisted Motley Fool CAPS to track the long-term performance of Wall Street's best and worst.
Everybody loves Yandex
"From Russia With Love," you say? How about "To Russia With Love"? If Wall Street was located in Hollywood, that's the movie they'd be making this week, as everybody and his Uncle Ned rushes forth to slap "buy" ratings on Russia's hottest Internet star: Yandex .
Yesterday, the gags came off Yandex's quintet of IPO underwriters, and the firms came out in defense of their superstar. Running down the list, Pacific Crest called the company an "outperformer" and predicted that the stock will hit $45 within a year. Piper Jaffray seconded the emotion, albeit with a less aggressive $40 target price. Morgan Stanley agreed, and Deutsche Bank made it darn near unanimous, singing the praises of Yandex's "est. 65% share" of the Russian Internet search market and predicting that "new revenue models" and "optimization … represent L-T drivers of revenue and Womens MBT Karani Shoes."
A voice cries in the wild…
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