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Report: Yahoo! Set To Rebound After Earnings Disappointment

  • Forbes, Tuesday, January 24, 2006 10:16 AM
Due to lower than expected guidance, Yahoo!'s stock took a big nosedive in the days following its fourth quarter earnings. Since then, the stock has rebounded slightly, and at least one analyst says the sell-off following the company's disappointing fourth quarter is "overdone." Bear Sterns analyst Alexia Quadrani yesterday upgraded Yahoo! to "outperform' from "peer perform," saying the Web portal benefits far more from its position as a leader in Web traffic as well as from the momentum of the online advertising market than is reflected in their current stock price. She said Yahoo!'s multiple revenue streams and free cash flow reflect "fundamentally healthy growth."

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