JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Altaba (NASDAQ:AABA) in a research report released on Friday, Marketbeat Ratings reports. The brokerage currently has a $88.00 price target on the stock, down from their previous price target of $91.00.

AABA has been the subject of several other research reports. BidaskClub raised shares of Altaba from a buy rating to a strong-buy rating in a research report on Thursday, May 31st. Gabelli downgraded shares of Altaba from a buy rating to a hold rating in a research report on Wednesday, July 11th. Credit Suisse Group increased their price objective on shares of Altaba from $80.00 to $82.00 and gave the stock a neutral rating in a research report on Tuesday, July 10th. ValuEngine downgraded shares of Altaba from a buy rating to a hold rating in a research report on Wednesday, August 15th. Finally, MKM Partners decreased their target price on shares of Altaba to $115.00 and set a buy rating for the company in a research report on Thursday, August 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $94.75.

Shares of AABA stock opened at $68.90 on Friday. Altaba has a 12-month low of $62.10 and a 12-month high of $82.45.

Institutional investors have recently added to or reduced their stakes in the stock. Glassman Wealth Services bought a new position in Altaba in the first quarter valued at $127,000. Kiley Juergens Wealth Management LLC bought a new position in Altaba in the second quarter valued at $143,000. IMA Wealth Inc. bought a new position in Altaba in the second quarter valued at $157,000. Comerica Bank bought a new position in Altaba in the second quarter valued at $204,000. Finally, Brighton Jones LLC bought a new position in Altaba in the first quarter valued at $208,000. 81.88% of the stock is owned by institutional investors and hedge funds.

About Altaba

Altaba Inc operates as a non-diversified, closed-end management investment company in the United States. Its assets consist primarily of equity investments, short-term debt investments, and cash. The company was formerly known as Yahoo! Inc and changed its name to Altaba Inc in June 2017. Altaba Inc was founded in 1994 and is based in New York, New York.

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Analyst Recommendations for Altaba (NASDAQ:AABA)

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