Altaba Inc (NASDAQ:AABA) hit a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $82.37 and last traded at $82.44, with a volume of 767954 shares changing hands. The stock had previously closed at $81.24.
AABA has been the topic of several analyst reports. Oppenheimer boosted their price target on shares of Altaba from $98.00 to $104.00 and gave the company an “outperform” rating in a report on Wednesday, February 28th. BidaskClub lowered shares of Altaba from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th. JPMorgan Chase & Co. boosted their price target on shares of Altaba to $90.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. MKM Partners boosted their price target on shares of Altaba to $124.00 in a report on Friday, May 18th. Finally, Vetr raised shares of Altaba from a “hold” rating to a “buy” rating and set a $81.50 price target on the stock in a report on Tuesday, February 20th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Altaba has a consensus rating of “Buy” and a consensus target price of $85.39.
The firm has a market cap of $70.47 billion, a PE ratio of 322.76 and a beta of 1.97.
Altaba Company Profile
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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