Is Yandex N.V. (YNDX) a Buy? The Stock Rises Again

February 15, 2018 - By Michael Collier

The stock of Yandex N.V. (NASDAQ:YNDX) is a huge mover today! The stock increased 8.51% or $3.31 during the last trading session, reaching $42.2. About 7.85 million shares traded or 222.91% up from the average. Yandex N.V. (NASDAQ:YNDX) has risen 50.13% since February 15, 2017 and is uptrending. It has outperformed by 33.43% the S&P500.
The move comes after 5 months positive chart setup for the $13.92B company. It was reported on Feb, 15 by Barchart.com. We have $45.15 PT which if reached, will make NASDAQ:YNDX worth $974.61 million more.

Yandex N.V. (NASDAQ:YNDX) Ratings Coverage

Among 9 analysts covering Yandex N.V. (NASDAQ:YNDX), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Yandex N.V. had 21 analyst reports since July 31, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Goldman Sachs on Wednesday, September 16. The stock has “Overweight” rating by Morgan Stanley on Tuesday, November 17. The firm has “Outperform” rating by Credit Suisse given on Friday, December 30. Citigroup downgraded the stock to “Neutral” rating in Friday, September 11 report. The firm has “Buy” rating given on Friday, July 14 by Deutsche Bank. The firm has “Buy” rating given on Monday, March 14 by Citigroup. The firm has “Neutral” rating given on Friday, May 6 by Citigroup. Deutsche Bank maintained it with “Buy” rating and $42 target in Wednesday, October 25 report. As per Monday, October 12, the company rating was upgraded by Raiffeisen. Zacks downgraded the stock to “Hold” rating in Tuesday, August 4 report.

Another recent and important Yandex N.V. (NASDAQ:YNDX) news was published by Nasdaq.com which published an article titled: “Earnings Reaction History: Yandex NV, 66.7% Follow-Through Indicator, 5.1 …” on February 15, 2018.

Yandex N.V. operates an Internet search engine in Russia and internationally. The company has market cap of $13.92 billion. The firm offers search, location-based, personalized, and mobile services that enable users to find information, and communicate and connect over the Internet from desktops and mobile devices. It has a 66.67 P/E ratio. It provides maps and location services, such as Yandex.Maps, Yandex.Navigator, and Yandex.Transport; Yandex.Mail that provides users access to their email accounts; Yandex.Disk, a cloud storage service; Yandex.News, an online news aggregation service; Yandex.Weather, a service that offers hyperlocal weather information; and Yandex Browser for desktops and mobile platforms.

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