Here's what Wall Street is saying about Yahoo's weak earnings and shrinking core business by Alexei Oreskovic and Eugene Kim on Apr 20, 2016, 1:30 PM Advertisement
 Yahoo reported first quarter earnings on Tuesday that showed steep declines across the board. But Yahoo was already expected to report disappointing figures, so the numbers were a slight beat compared to street estimates, driving its stock up roughly 3% on Wednesday. Regardless, most analysts seem less interested in the actual results of Yahoo's business. Instead, most of them continue to pay more attention to the sales process of Yahoo's core business, and how the web portal plans to unlock the value in its Asian assets. Here's a round up of what analysts are saying about Yahoo's latest earnings and its deteriorating core business: SEE ALSO: The only bright spot in Yahoo's business nearly ground to a halt in Q1 Credit Suisse: NEUTRAL Rating: Neutral Price Target: $46 (cut from $47) Comment: "...we remain in a wait-and-see mode on further developments on its ad business - we continue to believe that there is some amount of low-hanging fruit for YHOO to unlock value: search advertising vis-à-vis its relationship with Google, a move to more aggressively monetize properties such as Tumblr."
Macquarie Research: BULLISH Rating: Outperform Price Target: $36 Comment: "While there was some progress on expense reductions (driven by lower headcount), the fundamental issues for YHOO remain the same: weakening search, challenges in display, loss of high-margin 'other' revenue, and increasing competitive and structural challenges."
Morgan Stanley: BULLISH Rating: Overweight Price Target: $46 (cut from $47) Comment: "1Q revenue was down ~18% YoY...but in-line with expectations. On the plus side, EBITDA was 21%(~26m) better than expected as cost reductions drove upside. The key to the stock from here is core monetization, tax efficiency and/or BABA appreciation."
See the rest of the story at Business Insider
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