Yahoo (NASDAQ: YHOO [FREE Stock Trend Analysis]) has been a favorite of analysts in recent weeks. The Internet giant got yet another upgrade Tuesday, as Cantor Fitzgerald raised the company from a Hold to a Buy with a $26 price target.

Shares of Yahoo gapped up about 1% at the open Tuesday, breaking to a new 52-week high.

Like Barclays Monday, analysts at Cantor cite favorable trends in the value of Yahoo's oversees assets. Specifically, Cantor believes Yahoo's remaining stake in Alibaba could be worth $15.8 billion. On Yahoo's last conference call, it valued the remaining Alibaba stake at only $8.1 billion.

In addition to the Alibaba stake, Cantor thinks Yahoo Japan has become more valuable. Previously, Yahoo's Japanese venture was worth about $3.20 per share, now Cantor believes it could be worth $4.50 per share.

Since hedge fund magnate Dan Loeb joined Yahoo's board, the company has seemingly embraced a strategy of selling off its non-core assets and returning the capital to shareholders. Last September, Yahoo began a $3 billion stock repurchase program after it sold part of its Alibaba stake.

Shares of Yahoo traded near $22.80 on Tuesday.


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