Eddie Leung

Justin Post of Bank of America upgrade shares of Yahoo! Inc. (NASDAQ: YHOO) on Friday to Buy from Neutral with a price target raised to $62 from a previous $55. “While Yahoo continues to lose U.S. online ad share (from seven percent in 2013 to 6.2 percent in 2014E and 5.6 percent in 2015E), we are...

Bank of America raised its price target from $122 to $132 on Alibaba Group Holding Ltd (NYSE: BABA) Tuesday amid Singles Day momentum. Analysts led my Eddie Leung noted that “this year, GMV in the 1st hour stood at RMB12b, up ~70 percent YoY. Although we expect growth to decelerate during...

In a report issued Tuesday, Bank of America analyst Eddie Leung initiated coverage on Alibaba Group Holding Ltd (NASDAQ: BABA) with a Buy rating and a $112 price target. Leung expects Alibaba to remain the largest eCommerce name in China with a 68 percent market share (by general merchandise...

In a report published Tuesday, Bank of America analyst Eddie Leung reiterated an Underperform rating on Renren (NYSE: RENN), and raised the price target from $2.80 to $3.10. In the report, Bank of America noted, “We see its restructuring of game and groupbuy businesses to help control costs....

In a report published Wednesday, Bank of America analyst Eddie Leung reiterated a Buy rating on Baidu (NASDAQ: BIDU), and raised the price target from $158.00 to $177.00. In the report, Bank of America noted, “In our meeting with Baidu last week, the company indicated their confidence in the new...

In a report published Friday, Bank of America analyst Eddie Leung reiterated a Neutral rating on Renren (NYSE: RENN), and raised the price target from $3.50 to $3.90. In the report, Bank of America noted, “2Q sales missed midpoint of guidance by 11% mainly due to delays of several Android based...

In a report published on Tuesday, Bank of America analyst Eddie Leung raised the price target on Sina (NASDAQ: SINA) from $67 to $92 and reiterated a Buy rating. In the report, Bank of America stated, "In today's analyst call, Sina provided detail on the revenue impact of its cooperation with...

In a report published Monday, Bank of America analyst Eddie Leung downgraded Changyou (NASDAQ: CYOU) from Buy to Neutral, but raised the price target from $33.00 to $45.00. In the report, Bank of America noted, “Co announced a new version of its flagship game TLBB, which accounts for 60%+ of...

In a report published Wednesday, Bank of America analyst Eddie Leung reiterated a Buy rating on Perfect World (NASDAQ: PWRD), and raised the price target from $12.20 to $14.00. In the report, Bank of America noted, “After continued revenue decline on maturing old games and shortage of new game...