Alexander Balakhnin

According to Goldman Sachs’ Alexander Balakhnin, although Yandex NV (NASDAQ: YNDX) is currently trading at a discount on a growth-adjusted basis to its global peers, there is potential for 31 percent upside. The analyst upgraded the rating on the company to Buy, while raising the price...

Shares of Yandex NV (NASDAQ: YNDX) have declined 33.48 percent year-to-date. Alexander Balakhnin of Goldman Sachs has upgraded the rating on Yandex from Sell to Neutral, while lowering the price target from $15.40 to $14.20. The upgrade follows the significantly underperformance of the...