Tech Gainers: Yahoo! Inc, Microsoft Corporation, Facebook Inc


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NASDAQ:FB / NASDAQ:YHOO
11/26/2012 [ACCESSWIRE]

NEW YORK, November 26, 2012  – Beststocksdaily, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on Yahoo! Inc, Microsoft Corporation, Facebook Inc.

Goldman Sachs has added Yahoo! Inc.(NASDAQ:YHOO) to its Conviction Buy list and has raised the price target from $22 to $24. It said that the stock was reacting to the buyback of shares, 76% of which is yet to happen.

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"With capital allocation actions serving as a catalyst to drive a revaluation in the stock, we believe the value of Yahoo!’s balance sheet assets and the core business are worth more than the current stock price," said the analyst from Goldman Sachs. "In our opinion, this revaluation, along with recent clarity on the turnaround and channel checks signaling effective management of the organization’s structure, investments and finances, creates a very attractive risk/reward scenario, particularly given the early reaction in the stock to the buyback and the roughly 75% of the buyback that still remains."

Shares of YHOO are up 1.17% to $18.78 at mid day in Monday’s session.

Meanwhile with rumors afloat that software giant Microsoft Corporation(NASDAQ:MSFT) will release the next iteration of its WP7 mobile platform, Windows Phone 7.8, next Wednesday or on Nov. 28, the WP7 device owners are a happy lot.

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The update, which was announced in June 2012, will supposedly bring a new start screen, Bing-based lock screen and the ability to keep Wi-Fi alive on Nokia devices in suspend mode.

WP7 devices won’t be getting an update to WP8, but WP7.8 will bring some of the WP8 features to older devices.
Research analyst at Bernstein, Carlos Kirjner upgraded his rating for Facebook Inc(NASDAQ:FB) from Market Perform to Outperform. The new price target is $33, up from $24.

Kirjner believes that the Street is being too dogmatic with its predictions for top-line growth for the upcoming years.

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He wrote that Bernstein feels consensus is undervaluing Facebook’s revenue growth power over the coming 12-24 months. Kirjner predicts 2013 revenue of $6.976 billion and 2014 revenue of $8.650 billion. 

Kirjner feels the driving force for the strong outcomes will undergo improved monetization of the Facebook newsfeed on mobile handsets.

Shares of FB soared 8% on hefty volume to $25.96.

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