Analyst Price Target Update on Qihoo 360 Technology Co. Ltd. (NYSE:QIHU)

Qihoo 360 Technology Co. Ltd. (NYSE:QIHU) stock has received a short term price target of $ 67.33 from 3 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $11.24. The higher estimate of target price is $77 , while the lower price target estimate is $55

Many analysts have stated their opinion on the company shares. Equity Analysts at the Stifel Nicolaus upgrades the rating on Qihoo 360 Technology Co. Ltd. (NYSE:QIHU). The brokerage firm has issued a Buy rating on the shares. The shares were previously rated Hold. The rating by the firm was issued on May 11, 2016. For the current week, the company shares have a recommendation consensus of Buy.

Qihoo 360 Technology Co. Ltd. (NYSE:QIHU) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.11 points or 0.15% at $73.88 with 895,582 shares getting traded. Post opening the session at $73.68, the shares hit an intraday low of $73.34 and an intraday high of $74.01 and the price was in this range throughout the day. The company has a market cap of $9,563 million and the number of outstanding shares have been calculated to be 129,440,270 shares. The 52-week high of Qihoo 360 Technology Co. Ltd. (NYSE:QIHU) is $76.1 and the 52-week low is $41.64.

Qihoo 360 Technology Co. Ltd. is an Internet company. The Company is primarily engaged in the operations of Internet services in the Peoples Republic of China. The Companys core Internet and mobile security products include 360 Safe Guard, 360 Anti-virus and 360 Mobile Safe. The Company has developed various platform products to meet a range of security-related needs of Internet users and create access points to the Internet, which include 360 browsers; 360 Personal Start-up Page and its subpages; 360 Search, and 360 Mobile Assistant. The Companys services include online advertising, which include online advertising service solutions, such as sponsored links (advertising links), on its platform products; Internet value-added services, which include games developed by third parties to users, and Other services, which include enterprise information security products and related services, such as firewalls, gateways and Internet security monitoring systems to enterprise customers.

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