BidaskClub Lowers Altaba (AABA) to Strong Sell
AABA has been the topic of a number of other research reports. JPMorgan Chase & Co. cut Altaba from an overweight rating to a neutral rating and dropped their price objective for the stock from $84.00 to $78.00 in a report on Thursday, April 4th. ValuEngine raised Altaba from a hold rating to a buy rating in a report on Thursday, April 25th. Finally, Zacks Investment Research cut Altaba from a hold rating to a strong sell rating in a report on Tuesday, April 30th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $91.67.
Shares of NASDAQ AABA opened at $61.91 on Friday. Altaba has a one year low of $54.75 and a one year high of $82.45.
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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