Citigroup Sees Potential 39% Upside for Sohu.com Stock Amid Confidence Boost

Analyst firm Citigroup has increased its price target for Sohu.com (NASDAQ:SOHU) from $17.00 to $20.00, indicating an anticipated growth of approximately 39% from current levels. Despite a recent decline of 6.3%, with shares trading at $14.43, the company's stock shows signs of recovery and investor interest. Recent trading data reveals a volume of 153,734 shares, surpassing its average of 100,600. Sohu.com’s stock has fluctuated between a 52-week low of $7.79 and a high of $17.24. The company's market capitalization stands at roughly $434 million, with a price-to-earnings ratio of 3.90 and a beta of 0.30. Institutional investors, including Goldman Sachs and Russell Investments, have increased their holdings in Sohu.com, reflecting growing confidence in its prospects. Notably, Russell Investments boosted its position by 8.5% in the first quarter, owning over 38,000 shares valued at $506,000. In its latest quarterly report released on August 4th, Sohu.com reported a net loss of $0.69 per share, with a net margin of nearly 18%, and a negative return on equity of 7.86%. The company operates primarily through its Sohu and Changyou segments, offering online news, video content, and g...