YHOO: Oppenheimer raises estimates for Yahoo (YHOO...

10:46 AM Oppenheimer raises estimates for Yahoo (YHOO +1.5%) and lifts its PT to $30, and BMO raises its PT to $27. Both cite Alibaba IPO expectations - Oppenheimer previously gave Alibaba a $77B valuation. Also, on the Yahoo/Tumblr front: 1) Marissa Mayer says Tumblr could see premium ads and retargeted ads (i.e. ads based on browsing activity on other sites). 2) A source tells Valleywag Tumblr's 2012 revenue was under $5M, below prior reports of $13M. 3) Instapaper developer/early Tumblr employee Marco Arment provides high praise for Tumblr CEO David Karp. "I’ve only seen one other 'product person' as good as David, and that was Steve Jobs." (previous) Read comments

YHOO price at time of publication: $26.98. Check YHOO price now »

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Focus Articles on YHOO

• Could Tumblr Be The Next Instagram? by Shelly Palmer
• Why Yahoo-Tumblr Makes Sense by Felix Salmon
• Why Yahoo Has Just Started To Run by Dana Blankenhorn

Press Releases on YHOO

• Yahoo! to Acquire Tumblr (Business Wire)
• Yahoo! Granted Favorable Ruling in Mexico City Superior Court of Justice (Business Wire)
• Yahoo! to Participate at the J.P. Morgan Global Technology, Media and Telecom Conference (Business Wire)

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StockTalk on YHOO: YHOO StockTalk | Twitter YHOO | Twitter $YHOO | YHOO Instablogs

Recent Market Alerts on YHOO: All currents | Earnings | Dividends | M&A | On the move

Transcripts on YHOO

• Yahoo!'s CEO Discusses Q1 2013 Results - Earnings Call Transcript
• Yahoo! Management Discusses Q4 2012 Results - Earnings Call Transcript
• Yahoo! Management Discusses Q3 2012 Results - Earnings Call Transcript

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