Yandex NV last = 29 USD 1w: +1.5 (5.4%)
% vs. spot / Price1M6M12MLT(2Y)LT(3Y)
Target Price (consensus)5.9%17.7%71.9% (50.3)--
Upside (Bull Case)9.2%27.6%---
Downside (Bear Case)-2.4%-7.2%-29.3% (20.7--
[Negative]

Last week, rumours began to ooze out that Sberbank is willing to seize the control over Yandex. Now they all rejected that such negotiations were taken place. I believe that this is the rather old idea of German Gref to develop banking in internet, he has always being studied to acquire any good internet platform to develop block-chain system.. But Yandex is the best target in order to start such a development. It is only one candidate in Russia. Thus., this is 80% true imho. For yandex - very negative. For Sberbank - relatively positive...

[Positive]

Yandex is the largest search engine in Russia with a 55% market share. Also the Company operates the dominant Russian 'e-hailing' company, owns the leading autos brand in Moscow (Auto.ru) and operates Yandex.Market, which is the largest e-commerce marketplace in Russia. I think Yandex will continue to gain market share in most of its internet segments over the mid-term. So I evaluate the Company's shares as an attractive investment opportunity.