Altaba (AABA) Upgraded to Hold by BidaskClub

BidaskClub upgraded shares of Altaba (NASDAQ:AABA) from a sell rating to a hold rating in a research report sent to investors on Friday morning.

Several other brokerages also recently weighed in on AABA. JPMorgan Chase & Co. lowered their target price on Altaba to $80.00 and set an overweight rating on the stock in a research note on Monday, November 5th. MKM Partners lowered their target price on Altaba to $115.00 and set a buy rating on the stock in a research note on Thursday, August 16th. Finally, ValuEngine downgraded Altaba from a buy rating to a hold rating in a research note on Wednesday, August 15th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Altaba has a consensus rating of Buy and a consensus price target of $93.42.

Shares of AABA stock opened at $62.22 on Friday. Altaba has a twelve month low of $55.76 and a twelve month high of $82.45.

Institutional investors have recently bought and sold shares of the stock. Kiley Juergens Wealth Management LLC purchased a new stake in shares of Altaba in the second quarter valued at approximately $143,000. Sageworth Trust Co boosted its stake in shares of Altaba by 259.7% in the third quarter. Sageworth Trust Co now owns 2,140 shares of the company’s stock valued at $146,000 after buying an additional 1,545 shares in the last quarter. NEXT Financial Group Inc purchased a new stake in shares of Altaba in the third quarter valued at approximately $154,000. IMA Wealth Inc. purchased a new stake in shares of Altaba in the second quarter valued at approximately $157,000. Finally, Comerica Bank purchased a new stake in shares of Altaba in the second quarter valued at approximately $204,000.

About Altaba

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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Analyst Recommendations for Altaba (NASDAQ:AABA)

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