Yandex N.V. Cl A

Yandex is an internet and technology company that operates an internet search engine in Russia. Co. builds intelligent products and services powered by machine learning. Co.'s products and services are based on complex, unique technologies that are not easily replicated. Co. generates substantially all of its revenues from online advertising. Co. also generates revenues from its e-commerce offerings, classifieds and e-hailing service. Co.'s businesses are organized in the following operating segments: Search and Portal; E-commerce; Taxi; Classifieds and Experimental businesses.
  • TickerYNDX
  • ISINNL0009805522
  • ExchangeNASDAQ Stock Market
  • SectorSoftware & Computer Services
  • CountryNetherlands
 PRESS RELEASE
YNDX Yandex N.V. Cl ... (Technology)

EQS-News: Yandex to Announce Third Quarter 2021 Financial Results on O...

EquityStory.RS, LLC-News: Yandex N.V. / Key word(s): Miscellaneous/Miscellaneous Yandex to Announce Third Quarter 2021 Financial Results on October 27th 13.10.2021 / 10:00 MSK The issuer is solely responsible for the content of this announcement. Yandex to Announce Third Quarter 2021 Financial Results on October 27th Moscow and Amsterdam, the Netherlands, October 13, 2021 - Yandex (NASDAQ and MOEX: YNDX) today announced it will report its financial results for the quarter ended September 30, 2021, on Wednesday, October 27, 2021. On that day, management will hold a conference c...

Ildar Davletshin ... (+3)
  • Ildar Davletshin
  • CFA
  • Dmitry Vlasov
YNDX Yandex N.V. Cl ... (Technology)

Yandex: Driving forward (stays BUY)

We have increased our price target (PT) for Yandex to USD 100, and we maintain our BUY rating on the stock, as we have incorporated the new ownership structure of the MLU joint venture (JV) with Uber and Self-Driving Group (SDG), adjusted our estimates to reflect the stronger performance of the S&P and Ride-Hailing businesses in 1H21, and rolled over our model by six months. Yandex remains our preferred company in the Russian technology sector.

Fedor Kornachev ... (+2)
  • Fedor Kornachev
  • Anastasia Khakhaeva
YNDX Yandex N.V. Cl ... (Technology)

Yandex - Buy on Buying out Uber

We update our valuation of Yandex following the announcement of the deal to buy out Uber from MLU and SDG. We believe the deal is value-accretive for Yandex, as we see the assets of MLU as having upside to the valuation used for the Uber deal. We also see non-monetary benefits for Yandex: the opportunity to attract a strategic partner or more capital to SDG; synergies from integration between the e-commerce, food-tech and delivery verticals; and the ability to react more quickly to major trends in the fast-growing but less mature sectors. We raise our SOTP-based target price to $95.26 per shar...

Research Team
  • Research Team
YNDX Yandex N.V. Cl ... (Oil & Gas)
WIE WIENERBERGER AG (Construction & Materials) ... (+6)

Raiffeisen Research Institutional Equity Daily 01.09.2021

 AT: Andritz - Andritz received a tissue plant order from Astrabel in Croatia (neutral)  AT: Wienerberger - Company placed 2.5 mn treasury shares at EUR 32.50 via ABB yesterday evening (neutral)  DE: Encavis - Convertible conversion dilution to have EUR 0.01 EPS effect at most (positive)  PL: PKN - PKN plans to build a gas-fired power plant in Poland (neutral)  PL: Politics - State of emergency to be declared on Poland's border with Belarus (neutral)  RU: Gazprom - Gazprom forecasts 2021e DPS at least at RUB 36 (neutral)  RU: Yandex - Yandex announced the deal to buy out Uber's interest...

YNDX Yandex N.V. Cl ... (Oil & Gas)
WIE WIENERBERGER AG (Construction & Materials)
PKN PKN ORLEN S.A. (Industrial Goods & Services)
ANDR ANDRITZ AG (Technology)
GAZP GAZPROM
CAP ENCAVIS AG
Alastair Jones
  • Alastair Jones
YNDX Yandex N.V. Cl ... (Technology)

New Street: YNDX US (Buy, TP: US$81, +12%) Buying out UBER at decent ...

Yandex has today announced its intention to acquire Uber’s interest in the Foodtech, delivery and self driving business for US$1bn cash, and has also received a call option to acquire the remaining stake in the ride-hailing business that is owned by Uber for US$1.8bn. The market had been expecting a transaction for some time, and our analysis suggests the implied valuation for the foodtech and taxi business is attractive compared to our and recent market transactions for similar assets.

 PRESS RELEASE
YNDX Yandex N.V. Cl ... (Technology)

EQS-News: Yandex to Announce Third Quarter 2021 Financial Results on O...

EquityStory.RS, LLC-News: Yandex N.V. / Key word(s): Miscellaneous/Miscellaneous Yandex to Announce Third Quarter 2021 Financial Results on October 27th 13.10.2021 / 10:00 MSK The issuer is solely responsible for the content of this announcement. Yandex to Announce Third Quarter 2021 Financial Results on October 27th Moscow and Amsterdam, the Netherlands, October 13, 2021 - Yandex (NASDAQ and MOEX: YNDX) today announced it will report its financial results for the quarter ended September 30, 2021, on Wednesday, October 27, 2021. On that day, management will hold a conference c...

Ildar Davletshin ... (+3)
  • Ildar Davletshin
  • CFA
  • Dmitry Vlasov
YNDX Yandex N.V. Cl ... (Technology)

Yandex: Driving forward (stays BUY)

We have increased our price target (PT) for Yandex to USD 100, and we maintain our BUY rating on the stock, as we have incorporated the new ownership structure of the MLU joint venture (JV) with Uber and Self-Driving Group (SDG), adjusted our estimates to reflect the stronger performance of the S&P and Ride-Hailing businesses in 1H21, and rolled over our model by six months. Yandex remains our preferred company in the Russian technology sector.

Fedor Kornachev ... (+2)
  • Fedor Kornachev
  • Anastasia Khakhaeva
YNDX Yandex N.V. Cl ... (Technology)

Yandex - Buy on Buying out Uber

We update our valuation of Yandex following the announcement of the deal to buy out Uber from MLU and SDG. We believe the deal is value-accretive for Yandex, as we see the assets of MLU as having upside to the valuation used for the Uber deal. We also see non-monetary benefits for Yandex: the opportunity to attract a strategic partner or more capital to SDG; synergies from integration between the e-commerce, food-tech and delivery verticals; and the ability to react more quickly to major trends in the fast-growing but less mature sectors. We raise our SOTP-based target price to $95.26 per shar...

Research Team
  • Research Team
YNDX Yandex N.V. Cl ... (Oil & Gas)
WIE WIENERBERGER AG (Construction & Materials) ... (+6)

Raiffeisen Research Institutional Equity Daily 01.09.2021

 AT: Andritz - Andritz received a tissue plant order from Astrabel in Croatia (neutral)  AT: Wienerberger - Company placed 2.5 mn treasury shares at EUR 32.50 via ABB yesterday evening (neutral)  DE: Encavis - Convertible conversion dilution to have EUR 0.01 EPS effect at most (positive)  PL: PKN - PKN plans to build a gas-fired power plant in Poland (neutral)  PL: Politics - State of emergency to be declared on Poland's border with Belarus (neutral)  RU: Gazprom - Gazprom forecasts 2021e DPS at least at RUB 36 (neutral)  RU: Yandex - Yandex announced the deal to buy out Uber's interest...

YNDX Yandex N.V. Cl ... (Oil & Gas)
WIE WIENERBERGER AG (Construction & Materials)
PKN PKN ORLEN S.A. (Industrial Goods & Services)
ANDR ANDRITZ AG (Technology)
GAZP GAZPROM
CAP ENCAVIS AG
Alastair Jones
  • Alastair Jones
YNDX Yandex N.V. Cl ... (Technology)

New Street: YNDX US (Buy, TP: US$81, +12%) Buying out UBER at decent ...

Yandex has today announced its intention to acquire Uber’s interest in the Foodtech, delivery and self driving business for US$1bn cash, and has also received a call option to acquire the remaining stake in the ride-hailing business that is owned by Uber for US$1.8bn. The market had been expecting a transaction for some time, and our analysis suggests the implied valuation for the foodtech and taxi business is attractive compared to our and recent market transactions for similar assets.

 PRESS RELEASE
YNDX Yandex N.V. Cl ... (Technology)

EQS-News: Yandex to Announce Third Quarter 2021 Financial Results on O...

EquityStory.RS, LLC-News: Yandex N.V. / Key word(s): Miscellaneous/Miscellaneous Yandex to Announce Third Quarter 2021 Financial Results on October 27th 13.10.2021 / 10:00 MSK The issuer is solely responsible for the content of this announcement. Yandex to Announce Third Quarter 2021 Financial Results on October 27th Moscow and Amsterdam, the Netherlands, October 13, 2021 - Yandex (NASDAQ and MOEX: YNDX) today announced it will report its financial results for the quarter ended September 30, 2021, on Wednesday, October 27, 2021. On that day, management will hold a conference c...

Ildar Davletshin ... (+3)
  • Ildar Davletshin
  • CFA
  • Dmitry Vlasov
YNDX Yandex N.V. Cl ... (Technology)

Yandex: Driving forward (stays BUY)

We have increased our price target (PT) for Yandex to USD 100, and we maintain our BUY rating on the stock, as we have incorporated the new ownership structure of the MLU joint venture (JV) with Uber and Self-Driving Group (SDG), adjusted our estimates to reflect the stronger performance of the S&P and Ride-Hailing businesses in 1H21, and rolled over our model by six months. Yandex remains our preferred company in the Russian technology sector.

Fedor Kornachev ... (+2)
  • Fedor Kornachev
  • Anastasia Khakhaeva
YNDX Yandex N.V. Cl ... (Technology)

Yandex - Buy on Buying out Uber

We update our valuation of Yandex following the announcement of the deal to buy out Uber from MLU and SDG. We believe the deal is value-accretive for Yandex, as we see the assets of MLU as having upside to the valuation used for the Uber deal. We also see non-monetary benefits for Yandex: the opportunity to attract a strategic partner or more capital to SDG; synergies from integration between the e-commerce, food-tech and delivery verticals; and the ability to react more quickly to major trends in the fast-growing but less mature sectors. We raise our SOTP-based target price to $95.26 per shar...

Research Team
  • Research Team
YNDX Yandex N.V. Cl ... (Oil & Gas)
WIE WIENERBERGER AG (Construction & Materials) ... (+6)

Raiffeisen Research Institutional Equity Daily 01.09.2021

 AT: Andritz - Andritz received a tissue plant order from Astrabel in Croatia (neutral)  AT: Wienerberger - Company placed 2.5 mn treasury shares at EUR 32.50 via ABB yesterday evening (neutral)  DE: Encavis - Convertible conversion dilution to have EUR 0.01 EPS effect at most (positive)  PL: PKN - PKN plans to build a gas-fired power plant in Poland (neutral)  PL: Politics - State of emergency to be declared on Poland's border with Belarus (neutral)  RU: Gazprom - Gazprom forecasts 2021e DPS at least at RUB 36 (neutral)  RU: Yandex - Yandex announced the deal to buy out Uber's interest...

YNDX Yandex N.V. Cl ... (Oil & Gas)
WIE WIENERBERGER AG (Construction & Materials)
PKN PKN ORLEN S.A. (Industrial Goods & Services)
ANDR ANDRITZ AG (Technology)
GAZP GAZPROM
CAP ENCAVIS AG
Alastair Jones
  • Alastair Jones
YNDX Yandex N.V. Cl ... (Technology)

New Street: YNDX US (Buy, TP: US$81, +12%) Buying out UBER at decent ...

Yandex has today announced its intention to acquire Uber’s interest in the Foodtech, delivery and self driving business for US$1bn cash, and has also received a call option to acquire the remaining stake in the ride-hailing business that is owned by Uber for US$1.8bn. The market had been expecting a transaction for some time, and our analysis suggests the implied valuation for the foodtech and taxi business is attractive compared to our and recent market transactions for similar assets.

 PRESS RELEASE
YNDX Yandex N.V. Cl ... (Technology)

EQS-News: Yandex to Announce Third Quarter 2021 Financial Results on O...

EquityStory.RS, LLC-News: Yandex N.V. / Key word(s): Miscellaneous/Miscellaneous Yandex to Announce Third Quarter 2021 Financial Results on October 27th 13.10.2021 / 10:00 MSK The issuer is solely responsible for the content of this announcement. Yandex to Announce Third Quarter 2021 Financial Results on October 27th Moscow and Amsterdam, the Netherlands, October 13, 2021 - Yandex (NASDAQ and MOEX: YNDX) today announced it will report its financial results for the quarter ended September 30, 2021, on Wednesday, October 27, 2021. On that day, management will hold a conference c...

Ildar Davletshin ... (+3)
  • Ildar Davletshin
  • CFA
  • Dmitry Vlasov
YNDX Yandex N.V. Cl ... (Technology)

Yandex: Driving forward (stays BUY)

We have increased our price target (PT) for Yandex to USD 100, and we maintain our BUY rating on the stock, as we have incorporated the new ownership structure of the MLU joint venture (JV) with Uber and Self-Driving Group (SDG), adjusted our estimates to reflect the stronger performance of the S&P and Ride-Hailing businesses in 1H21, and rolled over our model by six months. Yandex remains our preferred company in the Russian technology sector.

Fedor Kornachev ... (+2)
  • Fedor Kornachev
  • Anastasia Khakhaeva
YNDX Yandex N.V. Cl ... (Technology)

Yandex - Buy on Buying out Uber

We update our valuation of Yandex following the announcement of the deal to buy out Uber from MLU and SDG. We believe the deal is value-accretive for Yandex, as we see the assets of MLU as having upside to the valuation used for the Uber deal. We also see non-monetary benefits for Yandex: the opportunity to attract a strategic partner or more capital to SDG; synergies from integration between the e-commerce, food-tech and delivery verticals; and the ability to react more quickly to major trends in the fast-growing but less mature sectors. We raise our SOTP-based target price to $95.26 per shar...

Research Team
  • Research Team
YNDX Yandex N.V. Cl ... (Oil & Gas)
WIE WIENERBERGER AG (Construction & Materials) ... (+6)

Raiffeisen Research Institutional Equity Daily 01.09.2021

 AT: Andritz - Andritz received a tissue plant order from Astrabel in Croatia (neutral)  AT: Wienerberger - Company placed 2.5 mn treasury shares at EUR 32.50 via ABB yesterday evening (neutral)  DE: Encavis - Convertible conversion dilution to have EUR 0.01 EPS effect at most (positive)  PL: PKN - PKN plans to build a gas-fired power plant in Poland (neutral)  PL: Politics - State of emergency to be declared on Poland's border with Belarus (neutral)  RU: Gazprom - Gazprom forecasts 2021e DPS at least at RUB 36 (neutral)  RU: Yandex - Yandex announced the deal to buy out Uber's interest...

YNDX Yandex N.V. Cl ... (Oil & Gas)
WIE WIENERBERGER AG (Construction & Materials)
PKN PKN ORLEN S.A. (Industrial Goods & Services)
ANDR ANDRITZ AG (Technology)
GAZP GAZPROM
CAP ENCAVIS AG
Alastair Jones
  • Alastair Jones
YNDX Yandex N.V. Cl ... (Technology)

New Street: YNDX US (Buy, TP: US$81, +12%) Buying out UBER at decent ...

Yandex has today announced its intention to acquire Uber’s interest in the Foodtech, delivery and self driving business for US$1bn cash, and has also received a call option to acquire the remaining stake in the ride-hailing business that is owned by Uber for US$1.8bn. The market had been expecting a transaction for some time, and our analysis suggests the implied valuation for the foodtech and taxi business is attractive compared to our and recent market transactions for similar assets.

 PRESS RELEASE
YNDX Yandex N.V. Cl ... (Technology)

EQS-News: Yandex to Announce Third Quarter 2021 Financial Results on O...

EquityStory.RS, LLC-News: Yandex N.V. / Key word(s): Miscellaneous/Miscellaneous Yandex to Announce Third Quarter 2021 Financial Results on October 27th 13.10.2021 / 10:00 MSK The issuer is solely responsible for the content of this announcement. Yandex to Announce Third Quarter 2021 Financial Results on October 27th Moscow and Amsterdam, the Netherlands, October 13, 2021 - Yandex (NASDAQ and MOEX: YNDX) today announced it will report its financial results for the quarter ended September 30, 2021, on Wednesday, October 27, 2021. On that day, management will hold a conference c...

Ildar Davletshin ... (+3)
  • Ildar Davletshin
  • CFA
  • Dmitry Vlasov
YNDX Yandex N.V. Cl ... (Technology)

Yandex: Driving forward (stays BUY)

We have increased our price target (PT) for Yandex to USD 100, and we maintain our BUY rating on the stock, as we have incorporated the new ownership structure of the MLU joint venture (JV) with Uber and Self-Driving Group (SDG), adjusted our estimates to reflect the stronger performance of the S&P and Ride-Hailing businesses in 1H21, and rolled over our model by six months. Yandex remains our preferred company in the Russian technology sector.

Fedor Kornachev ... (+2)
  • Fedor Kornachev
  • Anastasia Khakhaeva
YNDX Yandex N.V. Cl ... (Technology)

Yandex - Buy on Buying out Uber

We update our valuation of Yandex following the announcement of the deal to buy out Uber from MLU and SDG. We believe the deal is value-accretive for Yandex, as we see the assets of MLU as having upside to the valuation used for the Uber deal. We also see non-monetary benefits for Yandex: the opportunity to attract a strategic partner or more capital to SDG; synergies from integration between the e-commerce, food-tech and delivery verticals; and the ability to react more quickly to major trends in the fast-growing but less mature sectors. We raise our SOTP-based target price to $95.26 per shar...

Research Team
  • Research Team
YNDX Yandex N.V. Cl ... (Oil & Gas)
WIE WIENERBERGER AG (Construction & Materials) ... (+6)

Raiffeisen Research Institutional Equity Daily 01.09.2021

 AT: Andritz - Andritz received a tissue plant order from Astrabel in Croatia (neutral)  AT: Wienerberger - Company placed 2.5 mn treasury shares at EUR 32.50 via ABB yesterday evening (neutral)  DE: Encavis - Convertible conversion dilution to have EUR 0.01 EPS effect at most (positive)  PL: PKN - PKN plans to build a gas-fired power plant in Poland (neutral)  PL: Politics - State of emergency to be declared on Poland's border with Belarus (neutral)  RU: Gazprom - Gazprom forecasts 2021e DPS at least at RUB 36 (neutral)  RU: Yandex - Yandex announced the deal to buy out Uber's interest...

YNDX Yandex N.V. Cl ... (Oil & Gas)
WIE WIENERBERGER AG (Construction & Materials)
PKN PKN ORLEN S.A. (Industrial Goods & Services)
ANDR ANDRITZ AG (Technology)
GAZP GAZPROM
CAP ENCAVIS AG
Alastair Jones
  • Alastair Jones
YNDX Yandex N.V. Cl ... (Technology)

New Street: YNDX US (Buy, TP: US$81, +12%) Buying out UBER at decent ...

Yandex has today announced its intention to acquire Uber’s interest in the Foodtech, delivery and self driving business for US$1bn cash, and has also received a call option to acquire the remaining stake in the ride-hailing business that is owned by Uber for US$1.8bn. The market had been expecting a transaction for some time, and our analysis suggests the implied valuation for the foodtech and taxi business is attractive compared to our and recent market transactions for similar assets.

 PRESS RELEASE
YNDX Yandex N.V. Cl ... (Technology)

EQS-News: Yandex to Announce Third Quarter 2021 Financial Results on O...

EquityStory.RS, LLC-News: Yandex N.V. / Key word(s): Miscellaneous/Miscellaneous Yandex to Announce Third Quarter 2021 Financial Results on October 27th 13.10.2021 / 10:00 MSK The issuer is solely responsible for the content of this announcement. Yandex to Announce Third Quarter 2021 Financial Results on October 27th Moscow and Amsterdam, the Netherlands, October 13, 2021 - Yandex (NASDAQ and MOEX: YNDX) today announced it will report its financial results for the quarter ended September 30, 2021, on Wednesday, October 27, 2021. On that day, management will hold a conference c...

Ildar Davletshin ... (+3)
  • Ildar Davletshin
  • CFA
  • Dmitry Vlasov
YNDX Yandex N.V. Cl ... (Technology)

Yandex: Driving forward (stays BUY)

We have increased our price target (PT) for Yandex to USD 100, and we maintain our BUY rating on the stock, as we have incorporated the new ownership structure of the MLU joint venture (JV) with Uber and Self-Driving Group (SDG), adjusted our estimates to reflect the stronger performance of the S&P and Ride-Hailing businesses in 1H21, and rolled over our model by six months. Yandex remains our preferred company in the Russian technology sector.

Fedor Kornachev ... (+2)
  • Fedor Kornachev
  • Anastasia Khakhaeva
YNDX Yandex N.V. Cl ... (Technology)

Yandex - Buy on Buying out Uber

We update our valuation of Yandex following the announcement of the deal to buy out Uber from MLU and SDG. We believe the deal is value-accretive for Yandex, as we see the assets of MLU as having upside to the valuation used for the Uber deal. We also see non-monetary benefits for Yandex: the opportunity to attract a strategic partner or more capital to SDG; synergies from integration between the e-commerce, food-tech and delivery verticals; and the ability to react more quickly to major trends in the fast-growing but less mature sectors. We raise our SOTP-based target price to $95.26 per shar...

Research Team
  • Research Team
YNDX Yandex N.V. Cl ... (Oil & Gas)
WIE WIENERBERGER AG (Construction & Materials) ... (+6)

Raiffeisen Research Institutional Equity Daily 01.09.2021

 AT: Andritz - Andritz received a tissue plant order from Astrabel in Croatia (neutral)  AT: Wienerberger - Company placed 2.5 mn treasury shares at EUR 32.50 via ABB yesterday evening (neutral)  DE: Encavis - Convertible conversion dilution to have EUR 0.01 EPS effect at most (positive)  PL: PKN - PKN plans to build a gas-fired power plant in Poland (neutral)  PL: Politics - State of emergency to be declared on Poland's border with Belarus (neutral)  RU: Gazprom - Gazprom forecasts 2021e DPS at least at RUB 36 (neutral)  RU: Yandex - Yandex announced the deal to buy out Uber's interest...

YNDX Yandex N.V. Cl ... (Oil & Gas)
WIE WIENERBERGER AG (Construction & Materials)
PKN PKN ORLEN S.A. (Industrial Goods & Services)
ANDR ANDRITZ AG (Technology)
GAZP GAZPROM
CAP ENCAVIS AG
Alastair Jones
  • Alastair Jones
YNDX Yandex N.V. Cl ... (Technology)

New Street: YNDX US (Buy, TP: US$81, +12%) Buying out UBER at decent ...

Yandex has today announced its intention to acquire Uber’s interest in the Foodtech, delivery and self driving business for US$1bn cash, and has also received a call option to acquire the remaining stake in the ride-hailing business that is owned by Uber for US$1.8bn. The market had been expecting a transaction for some time, and our analysis suggests the implied valuation for the foodtech and taxi business is attractive compared to our and recent market transactions for similar assets.

 PRESS RELEASE
YNDX Yandex N.V. Cl ... (Technology)

EQS-News: Yandex to Announce Third Quarter 2021 Financial Results on O...

EquityStory.RS, LLC-News: Yandex N.V. / Key word(s): Miscellaneous/Miscellaneous Yandex to Announce Third Quarter 2021 Financial Results on October 27th 13.10.2021 / 10:00 MSK The issuer is solely responsible for the content of this announcement. Yandex to Announce Third Quarter 2021 Financial Results on October 27th Moscow and Amsterdam, the Netherlands, October 13, 2021 - Yandex (NASDAQ and MOEX: YNDX) today announced it will report its financial results for the quarter ended September 30, 2021, on Wednesday, October 27, 2021. On that day, management will hold a conference c...

Ildar Davletshin ... (+3)
  • Ildar Davletshin
  • CFA
  • Dmitry Vlasov
YNDX Yandex N.V. Cl ... (Technology)

Yandex: Driving forward (stays BUY)

We have increased our price target (PT) for Yandex to USD 100, and we maintain our BUY rating on the stock, as we have incorporated the new ownership structure of the MLU joint venture (JV) with Uber and Self-Driving Group (SDG), adjusted our estimates to reflect the stronger performance of the S&P and Ride-Hailing businesses in 1H21, and rolled over our model by six months. Yandex remains our preferred company in the Russian technology sector.

Fedor Kornachev ... (+2)
  • Fedor Kornachev
  • Anastasia Khakhaeva
YNDX Yandex N.V. Cl ... (Technology)

Yandex - Buy on Buying out Uber

We update our valuation of Yandex following the announcement of the deal to buy out Uber from MLU and SDG. We believe the deal is value-accretive for Yandex, as we see the assets of MLU as having upside to the valuation used for the Uber deal. We also see non-monetary benefits for Yandex: the opportunity to attract a strategic partner or more capital to SDG; synergies from integration between the e-commerce, food-tech and delivery verticals; and the ability to react more quickly to major trends in the fast-growing but less mature sectors. We raise our SOTP-based target price to $95.26 per shar...

Research Team
  • Research Team
YNDX Yandex N.V. Cl ... (Oil & Gas)
WIE WIENERBERGER AG (Construction & Materials) ... (+6)

Raiffeisen Research Institutional Equity Daily 01.09.2021

 AT: Andritz - Andritz received a tissue plant order from Astrabel in Croatia (neutral)  AT: Wienerberger - Company placed 2.5 mn treasury shares at EUR 32.50 via ABB yesterday evening (neutral)  DE: Encavis - Convertible conversion dilution to have EUR 0.01 EPS effect at most (positive)  PL: PKN - PKN plans to build a gas-fired power plant in Poland (neutral)  PL: Politics - State of emergency to be declared on Poland's border with Belarus (neutral)  RU: Gazprom - Gazprom forecasts 2021e DPS at least at RUB 36 (neutral)  RU: Yandex - Yandex announced the deal to buy out Uber's interest...

YNDX Yandex N.V. Cl ... (Oil & Gas)
WIE WIENERBERGER AG (Construction & Materials)
PKN PKN ORLEN S.A. (Industrial Goods & Services)
ANDR ANDRITZ AG (Technology)
GAZP GAZPROM
CAP ENCAVIS AG
Alastair Jones
  • Alastair Jones
YNDX Yandex N.V. Cl ... (Technology)

New Street: YNDX US (Buy, TP: US$81, +12%) Buying out UBER at decent ...

Yandex has today announced its intention to acquire Uber’s interest in the Foodtech, delivery and self driving business for US$1bn cash, and has also received a call option to acquire the remaining stake in the ride-hailing business that is owned by Uber for US$1.8bn. The market had been expecting a transaction for some time, and our analysis suggests the implied valuation for the foodtech and taxi business is attractive compared to our and recent market transactions for similar assets.

 PRESS RELEASE
YNDX Yandex N.V. Cl ... (Technology)

EQS-News: Yandex to Announce Third Quarter 2021 Financial Results on O...

EquityStory.RS, LLC-News: Yandex N.V. / Key word(s): Miscellaneous/Miscellaneous Yandex to Announce Third Quarter 2021 Financial Results on October 27th 13.10.2021 / 10:00 MSK The issuer is solely responsible for the content of this announcement. Yandex to Announce Third Quarter 2021 Financial Results on October 27th Moscow and Amsterdam, the Netherlands, October 13, 2021 - Yandex (NASDAQ and MOEX: YNDX) today announced it will report its financial results for the quarter ended September 30, 2021, on Wednesday, October 27, 2021. On that day, management will hold a conference c...

Ildar Davletshin ... (+3)
  • Ildar Davletshin
  • CFA
  • Dmitry Vlasov
YNDX Yandex N.V. Cl ... (Technology)

Yandex: Driving forward (stays BUY)

We have increased our price target (PT) for Yandex to USD 100, and we maintain our BUY rating on the stock, as we have incorporated the new ownership structure of the MLU joint venture (JV) with Uber and Self-Driving Group (SDG), adjusted our estimates to reflect the stronger performance of the S&P and Ride-Hailing businesses in 1H21, and rolled over our model by six months. Yandex remains our preferred company in the Russian technology sector.

Fedor Kornachev ... (+2)
  • Fedor Kornachev
  • Anastasia Khakhaeva
YNDX Yandex N.V. Cl ... (Technology)

Yandex - Buy on Buying out Uber

We update our valuation of Yandex following the announcement of the deal to buy out Uber from MLU and SDG. We believe the deal is value-accretive for Yandex, as we see the assets of MLU as having upside to the valuation used for the Uber deal. We also see non-monetary benefits for Yandex: the opportunity to attract a strategic partner or more capital to SDG; synergies from integration between the e-commerce, food-tech and delivery verticals; and the ability to react more quickly to major trends in the fast-growing but less mature sectors. We raise our SOTP-based target price to $95.26 per shar...

Research Team
  • Research Team
YNDX Yandex N.V. Cl ... (Oil & Gas)
WIE WIENERBERGER AG (Construction & Materials) ... (+6)

Raiffeisen Research Institutional Equity Daily 01.09.2021

 AT: Andritz - Andritz received a tissue plant order from Astrabel in Croatia (neutral)  AT: Wienerberger - Company placed 2.5 mn treasury shares at EUR 32.50 via ABB yesterday evening (neutral)  DE: Encavis - Convertible conversion dilution to have EUR 0.01 EPS effect at most (positive)  PL: PKN - PKN plans to build a gas-fired power plant in Poland (neutral)  PL: Politics - State of emergency to be declared on Poland's border with Belarus (neutral)  RU: Gazprom - Gazprom forecasts 2021e DPS at least at RUB 36 (neutral)  RU: Yandex - Yandex announced the deal to buy out Uber's interest...

YNDX Yandex N.V. Cl ... (Oil & Gas)
WIE WIENERBERGER AG (Construction & Materials)
PKN PKN ORLEN S.A. (Industrial Goods & Services)
ANDR ANDRITZ AG (Technology)
GAZP GAZPROM
CAP ENCAVIS AG
Alastair Jones
  • Alastair Jones
YNDX Yandex N.V. Cl ... (Technology)

New Street: YNDX US (Buy, TP: US$81, +12%) Buying out UBER at decent ...

Yandex has today announced its intention to acquire Uber’s interest in the Foodtech, delivery and self driving business for US$1bn cash, and has also received a call option to acquire the remaining stake in the ride-hailing business that is owned by Uber for US$1.8bn. The market had been expecting a transaction for some time, and our analysis suggests the implied valuation for the foodtech and taxi business is attractive compared to our and recent market transactions for similar assets.

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