Shares of Yahoo! Inc. (NASDAQ:YHOO) dropped 3.56% on Monday after the company’s Chief Marketing Officer, Kathy Savitt, resigned from per position. Along with marketing, Savitt was also responsible for key properties such as Yahoo Finance and Yahoo Sports.

This exit is among the latest of setbacks Yahoo has faced as the company continues to struggle to improve the performance of its web portal. Only one week earlier, the company had announced the departure of Aman Kothari, the company’s Chief Accounting Officer. In May 2015, Mike Kail, the company’s Chief Information Officer, left within a year of joining.

Apart from the news surrounding Savitt’s exit, Yahoo’s stock has been under pressure as Alibaba continues to struggle due to the slowdown of the Chinese economy. Yahoo has been planning to spin off its stake in Alibaba since January of this year and expects the move to be completed by the fourth quarter of 2015.

Despite these setbacks, there are still several positive factors going for Yahoo at the moment. The company has seen a revenue growth of 14.7%, which is better than the industry average of 6.9%.

Suntrust analyst Robert Peck recently weighed in on Yahoo, noting the current share price of the company has mostly factored in the worst case scenarios. According to the analyst, the downside to Yahoo’s stock price seems limited and the company’s planned tax-free spin-off of Alibaba offers favorable risk-reward.

Peck maintained a Buy rating on Yahoo! with a target price of $40 on September 14.

On average, Peck has a 54% success rate recommending stocks and a +7.4% average return per recommendation when measured over a one-year horizon and no benchmark.

Out of 23 analysts polled by TipRanks who have rated Yahoo within the past three months, 18 analysts are bullish on the stock and 5 are neutral. The average 12-month price target on Yahoo is $47.71, marking a 56.48% potential upside from current levels.