In a report released today, Haim Israel from Merrill Lynch reiterated a Buy rating on Yandex NV (NASDAQ: YNDX), with a price target of $49. The company’s shares opened today at $35.62.
Israel has an average return of 46.4% when recommending Yandex NV.
According to TipRanks.com, Israel is ranked #2358 out of 4831 analysts.
Yandex NV has an analyst consensus of Strong Buy, with a price target consensus of $47.
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Based on Yandex NV’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $41.84 million. In comparison, last year the company had a net profit of $14.23 million.
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Yandex NV operates as an investment holding company, which engages in the provision of search engines and online services. It operates through the following business segments: Search and Portal, E-Commerce, Taxi, Classifieds, and Experimental Businesses. The Search and Portal segment includes all the services offered in Russia, Belarus and Kazakhstan.
