Stock analysts at Jefferies Group raised their price target on shares of Qihoo 360 Technology (NASDAQ:QIHU) from $105.00 to $125.00 in a report issued on Friday, ARN reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective would suggest a potential upside of 25.94% from the company’s current price.
Qihoo 360 Technology (NASDAQ:QIHU) opened at 99.25 on Friday. Qihoo 360 Technology has a one year low of $27.76 and a one year high of $102.95. The stock’s 50-day moving average is $90.06 and its 200-day moving average is $83.29. The company has a market cap of $11.976 billion and a P/E ratio of 132.72.
Qihoo 360 Technology (NASDAQ:QIHU) last released its earnings data on Monday, November 25th. The company reported $0.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.37 by $0.10. The company had revenue of $187.90 million for the quarter, compared to the consensus estimate of $181.74 million. During the same quarter last year, the company posted $0.20 earnings per share. Qihoo 360 Technology’s revenue was up 123.7% compared to the same quarter last year. On average, analysts predict that Qihoo 360 Technology will post $1.42 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on QIHU. Analysts at UBS AG initiated coverage on shares of Qihoo 360 Technology in a research note on Monday, January 13th. They set a “buy” rating and a $108.00 price target on the stock. Separately, analysts at Stifel Nicolaus upgraded shares of Qihoo 360 Technology from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. They now have a $108.00 price target on the stock. Finally, analysts at Macquarie reiterated an “outperform” rating on shares of Qihoo 360 Technology in a research note on Tuesday, November 26th. They now have a $118.00 price target on the stock, up previously from $90.00. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $95.45.
Qihoo 360 Technology Co Ltd (NASDAQ:QIHU), formerly Qihoo Technology Company Limited, is engaged in the operations of Internet services and sales of third party anti-virus software in the People’s Republic of China.
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