How to buy Yandex shares (2023)? – invest in Yandex
If you want to invest in Russia, an investment in Yandex shares could be a good decision. Yandex is the largest search engine in the country and generates high profits with advertisements. Do you want to know how to buy Yandex stocks yourself? In this article, you will learn how to invest in Yandex shares.
Do you have confidence in the Yandex search engine? Then it may be wise to buy Yandex stocks. Before buying the shares, it is advisable to analyse how the company performs in relation to other search engines. You can also study the Russian economy. If the economy performs well, advertising revenues are likely to increase.
When you want to buy Yandex shares, it is best to do so through a reliable broker. Take a look at the overview of brokers where you can get started:
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What is the current stock price of Yandex?
Do you want to know how the Yandex share performs? Then take a look at the graph below! You can immediately see how the share price develops. Use the buttons to open an investment position in Yandex
Company data of Yandex
Below, you can see the most important company data of Yandex.
Analysis of Yandex stocks
Before you decide whether to buy or sell Yandex, it is advisable to analyse the share thoroughly. In the overview below, you can see how Yandex has developed over the past period.
Stock prices of Yandex in the last 5 days
In the table below, you can see the stock prices of Yandex for the last 5 days:
What will Yandex’s stock price do in 2023?
Are you curious about what analysts think Yandex will do in 2023 and the years to come? We have combined the forecasts of analysts using data from Alpha Vantage. Remember that this figure is only a prediction of Yandex’s share price and that this prediction does not have to come true.
- Russian search engine: Yandex is the leading search engine in Russia, with a market share of over 50%.
- Diversification: Yandex offers various services: think of taxi, maps, e-commerce, and more.
- Growth: Yandex’s user base still grows, and the company also performs well financially.
- Innovation: Yandex regularly introduces new services and technology to stay ahead of the competition.
What are the risks to consider when investing in Yandex stocks?
- Dependency: Yandex is highly dependent on the Russian market, and changes in the economic and political landscape can put profitability under pressure.
- Competition: Yandex competes with Google and new players like DuckDuckGo and Bing.
- Geopolitical risks: Since Yandex is a Russian company, Yandex is strongly influenced by the war in Ukraine.
What are the biggest competitors of Yandex?
- First, open an account with a broker where you can invest in Yandex
- Research whether it is currently wise to invest in Yandex shares
- When you are sure you want to buy Yandex stocks, deposit money into your stock account.
- Then select the Yandex share within the trading software.
- Enter the amount you would like to invest and click on buy
- It may take a few seconds for the shares to appear in your account
The Russian multinational company specializes in products and services related to the internet. The company is mainly known for its search engine. The public in Russia and the Commonwealth of Independent States is mainly served by Yandex.
Most of the team members and founders of the company are based in Russia. The company’s main operational headquarters are located in Moscow, Russia.
Products and services offered by the company
Yandex offers more than 70 different services. Examples of the products and services offered by the company include navigation, search and information services, e-commerce, online advertising, and mobile applications.
In addition, the company has its own browser (Yandex.Browser), its own translator (Yandex.Translate), and its own navigation service (Yandex.Maps). Other services offered by the company include email, cloud services, and an Android app store.
A major search engine
Yandex is not only the largest technology company in Russia, but it is also the largest search engine in Russian on the internet. The popular search engine has a market share of 52% for this language.
In Russia, the Yandex.ru homepage ranks 4th in popularity. Furthermore, this search engine has the largest market share of any major search engine in the Commonwealth of Independent States. Worldwide, Yandex ranks fifth after Google, Baidu, Bing, and Yahoo!.
History of Yandex
Arkady Volozh founded Yandex. In the Soviet era, he studied applied mathematics and developed the first search algorithms.
Together with his school friend Ilya Segalovich, Volozh founded the company ComTek in 1993. In 1997, the arrival of the first Cyrillic search engine, Yandex, was announced. With this, the company provided in a need; until then, it was difficult to search the internet in Russian.
In 2000, Arkady Volozh and Ilya Segalovich founded Yandex.
Test with rides in self-driving cars
The internet company Yandex has its own taxi service. This taxi service will start testing rides in self-driving cars in 2020. Residents of the Russian city of Innopolis can order a prototype of a self-driving car for rides to and from, among other places, the stadium and university. However, a driver will still be present for safety reasons and can intervene if necessary.
Do you think these modern technologies can boost the stock price? Then investing in Yandex stocks may be interesting.
Should you buy Yandex stocks?
If you have confidence in the Russian technology market, investing in Yandex shares may be appealing. The company is also known worldwide as the “Russian Google.” The number of users in Russia still grows, and the company continues to adapt to the latest trends.
However, investing in Yandex shares is risky. As Yandex is a Russian company, the geopolitical situation strongly influences the stock price. Especially after the war in Ukraine, it is very difficult to invest in Yandex stocks. Therefore, it is important to consider this situation when considering an investment in Yandex shares.
When I was 16, I secretly bought my first stock. Since that ‘proud moment’ I have been managing trading.info for over 10 years. It is my goal to educate people about financial freedom. After my studies business administration and psychology, I decided to put all my time in developing this website. Since I love to travel, I work from all over the world. Click here to read more about trading.info! Don’t hesitate to leave a comment under this article.