Yandex NV: The Russian Search Engine Takes a Bite Out of Google
Yandex (NASDAQ: YNDX) is registered with the SEC as a Netherlands-based entity, but don't be fooled, this company is highly dependent on Russia where it earns almost all of its revenue. The company's primary claim to fame is as an internet search engine, which puts it in direct competition with Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google.
In June of this year, Google and Yandex had an approximately 50-50 split in market share for Russian search. But that's likely to change based on a settlement with Google over an antitrust claim.
Yandex is a much smaller company than Alphabet:
Source: Fool.com
Alphabet Inc. A Stock
€142.94
1.220%
With 98 Buy predictions and not a single Sell prediction Alphabet Inc. A is an absolute favorite of our community.
With a target price of 180 € there is a positive potential of 25.93% for Alphabet Inc. A compared to the current price of 142.94 €.
