×

Take Your Position: Yahoo!

Carol Bartz took the helm of Yahoo! in January and since that time the stock has climbed 24%. Will Thursday’s shareholder meeting send it even higher?

That’s what investors want to know as they attempt to game this Internet search giant.

Symbol
Price
 
Change
%Change
AABA
---

As you likely know Bartz has spent much of 2009 shaking things up. The 60-year-old executive moved swiftly to rebuild the Internet company to her specifications, upending the organizational structure, replacing executives and cutting costs including 675 jobs, or 5 percent of the workforce.

Analysts say that is exactly the kind of shake-up Yahoo! needed and it’s evident from the move in the company’s share price.

However, there remains one big wildcard out there and that’s Microsoft . On Wednesday Microsoft Chief Steve Ballmer said he’s still open to a partnership with Yahoo. Asked if a deal could be sealed in the next year, he said: "Who knows?"

So how should you trade this stock?

We have a buy rating on this stock as well as a $25 price target, explains Broadpoint AmTech analyst Ben Schachter. I think there’s still 20% upside. Essentially you have one of the world’s most visited websites trading at a discount.

What do you think? We want to know!

______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send your e-mail to fastmoney@cnbc.com.

Trader disclosure: On June 24th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Finerman's Firm Owns (MSFT), (WMT); Firm Is Short (WFC); Finerman's Firm Is Short (IWM), (SPY), (MDY), (IJR), (USO); Finerman's Firm And Finerman Own (BAC) Preferred Shares, Finerman's Firm Is Short (BAC); Finerman's Firm And Finerman Are Short (WFC) Preferred Shares, Finerman's Finerman's Firm And Finerman Own (FLS); Jon Najarian Owns (AAPL), (BRK.B), (JPM), (MS), (RIMM), (WFC), (WMT), (YHOO); Jon Najarian Is Short (AZO); Terranova Owns (TER), (XBI), (BTU), (ABT), (RIMM), (HES), (MS), (MSFT)

Terranova Works For (VRTS); Terranova Is Chief Alternatives Strategist Of Virtus Investment Partners, Ltd.; Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO; Virtus Diversifier PHOLIO Owns (IGE), (DBC), (DBV), (ABD); Virtus Investment Partners Owns More Than 1% Of (ABD), (CAL), (CLB), (DLR), (EPR), (EXR), (IGE), (MEE), (DBC), (DBV), (DBA), (SKT), (UA), (WBMD); Virtus Investment Partners Owns More Than 1% Of Seagate Tax Refund Rights; Virtus Investment Partners Owns More Than 1% Of St Mary Land & Exploration Co

Finerman's Firm Owns (APC), (RIG), (TBT)
Jon Najarian Owns (LM), (PALM)