Analyst Rating Update on Qihoo 360 Technology Co. Ltd. (QIHU)

Qihoo 360 Technology Co. Ltd. (NYSE:QIHU) : Zacks Investment Research ranks Qihoo 360 Technology Co. Ltd. (NYSE:QIHU) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 3 research analysts is 1.67, which indicates as a Buy.

Qihoo 360 Technology Co. Ltd. (NYSE:QIHU) : Average target price received by Qihoo 360 Technology Co. Ltd. (NYSE:QIHU) is $67.33 with an expected standard deviation of $11.24. The most aggressive target on the stock is $77, whereas the most downbeat target is $55. 3 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, Stifel Nicolaus upgrades its ratings on Qihoo 360 Technology Co. Ltd. (NYSE:QIHU). According to the latest information available, the shares are now rated Buy by the analysts at the agency. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on May 11, 2016.

Qihoo 360 Technology Co. Ltd. (NYSE:QIHU): On Tuesdays trading session , Opening price of the stock was $74.05 with an intraday high of $74.05. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $73.42. However, the stock managed to close at $73.56, a loss of 1.33% for the day. On the previous day, the stock had closed at $74.55. The total traded volume of the day was 2,513,305 shares.

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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