One analyst has a very interesting prediction for the future of Yahoo!.
Trip Chowdhry, Managing Director of Equity Research at Global Equities Research, believes that the company – which currently trades in the $16 range – could go to $100 under the guidance of its new chief executive, Scott Thompson.
This, Chowdhry says, all depends on why Thompson was hired. If he was “chartered to do what Yahoo! is currently doing,” Chowdhry does not believe that he will be any better than the previous CEOs. But if he is “given the freedom to restructure” the company, Chowdhry thinks that Yahoo! could have a very bright future.