Yahoo! Inc. (NASDAQ:YHOO) ended 2013 on a high note and number 16 ranked analyst out of 2321, Victor Anthony, believes that the company is primed for another great year in 2014.



Anthony recommends BUY YHOO, stating, “Investors should continue to own Yahoo! Inc. (NASDAQ:YHOO) for upside tied to Alibaba and Yahoo Japan and the optionality tied to a Marissa Mayer-led turnaround.”

Victor adds that, “Management appears focused on succeeding, given the many product updates, product launches, and numerous talent and operational acquisitions. The new ad products launched at CES should help increase monetization, which has been a challenge for Yahoo!”

And Victor is even convinced of Alibaba’s potential success, “Our checks with Chinese users came back extremely positive on Tmall, Taobao, and Alipay, with Chinese consumers viewing these platforms as the primary destinations for e-commerce.”

While he still acknowledges the risks involved with underperformance in Asia and the possibility that Marissa Mayer may not be able to completely revamp the company, Victor stands by his BUY rating. Victor has a 68% success rate of recommended stocks and a +6.7% average return over S&P-500.

To continue following Victor’s coverage of Yahoo!, and other companies, download Tipranks today, and start making informed financial decisions.

By: Tipranks